Currency Boards For Developing Countries
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Currency Boards For Developing Countries
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Author : Steve H. Hanke
language : en
Publisher:
Release Date : 1994
Currency Boards For Developing Countries written by Steve H. Hanke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Currency boards categories.
Russian Currency And Finance
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Author : Steve H. Hanke
language : en
Publisher: Routledge
Release Date : 2005-08-18
Russian Currency And Finance written by Steve H. Hanke and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-18 with Business & Economics categories.
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.
Proceedings Of A Conference On Currency Substitution And Currency Boards
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Author : Nissan Liviatan
language : en
Publisher: World Bank Publications
Release Date : 1993-01-01
Proceedings Of A Conference On Currency Substitution And Currency Boards written by Nissan Liviatan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
Eighteen well-known policymakers and economists discuss the rising use of currency substitution in Latin America. They examine the effects of currency boards on substitute currencies and on national stabilization programs. Latin American countries including Argentina, Bolivia, Peru, and Uruguay increasingly use dollars as a substitute for domestic currency. The experts debate whether the region should encourage or resist this trend. Topics include the effects of substitution on inflation, liquidity, and exchange rates. The discussions on Argentina, Peru, and Brazil focus on the ways in which currency boards have affected stabilization in these countries. They consider whether such boards can strengthen fiscal discipline and speed economic adjustment. A currency board issues money that is converted into a foreign reserve currency at a fixed exchange rate. This independent institution takes over the central bank's role as the sole issuer of base money. It also manages the exchange rate to keep the currency stable and convertible.
Should Developing Countries Have Central Banks
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Author : Kurt Schuler
language : en
Publisher: Research Monograph Institute o
Release Date : 1996
Should Developing Countries Have Central Banks written by Kurt Schuler and has been published by Research Monograph Institute o this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Gathers evidence to determine whether or not countries with central banks can claim superior economic performance to those with other monetary systems (such as currency boards, monetary institutes, free banking, or 'dollarisation').
What Role For Currency Boards
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Author : John Williamson
language : en
Publisher: Peterson Institute for International Economics
Release Date : 1995
What Role For Currency Boards written by John Williamson and has been published by Peterson Institute for International Economics this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Currency boards categories.
Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.
Central Banking In Developing Countries
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Author : A. Chandavarkar
language : en
Publisher: Springer
Release Date : 1996-10-31
Central Banking In Developing Countries written by A. Chandavarkar and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-10-31 with Business & Economics categories.
This is a comprehensive state-of-the-art survey which analyzes institutions, policies and issues of central banking in developing countries including interest-free Islamic and transition economies. It discusses objectives and functions; monetary, exchange, supervisory and developmental roles; financial liberalization; informal finance; causes and implications of central bank losses. It critically evaluates currency boards, central bank independence, ceilings on government credit and suggests radical organizational reforms, divestiture of quasi-fiscal activities and partial privatization of central banks.
Currency Board Arrangements
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Author : Mr.Charles Enoch
language : en
Publisher: International Monetary Fund
Release Date : 1997-09-05
Currency Board Arrangements written by Mr.Charles Enoch and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-09-05 with Business & Economics categories.
This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.
Currency Board System
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Author :
language : en
Publisher: Board of Commissioners of Currency Singapore
Release Date : 1997
Currency Board System written by and has been published by Board of Commissioners of Currency Singapore this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Currency boards categories.
Currency Boards How A Currency Board Works
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Author : Raffaele Nostitz
language : en
Publisher: GRIN Verlag
Release Date : 2009-05
Currency Boards How A Currency Board Works written by Raffaele Nostitz and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05 with categories.
Essay from the year 2009 in the subject Economics - Monetary theory and policy, grade: 2,3, Free University of Berlin, course: International Monetary Relations, language: English, abstract: "Stability might not be everything, but without stability everything is nothing." This quote of the former federal minister for economics and finance in Germany leads directly to the reason for the installation of a currency board. Stability of the monetary system means the achievement of three objectives: a fixed exchange rate system to alleviate the calculations for international trade, free capital movement to ensure the convertibility of currencies, and a monetary policy that can address independently domestic concerns like inflation or unemployment. Unfortunately, it is impossible to achieve all three objectives at the same time. This goal conflict is often called "triangle of impossibility" or "impossible trinity" in the international economics literature. If a country's decision is to fix the exchange rate to a selected currency, a currency board would be one of the possible instruments. In this essay, first there will be taken a short look at how a currency board works and what the political meanings and consequences are. Afterwards, a short analysis of the currency board-like system that has been installed in Argentina from 1991 to 2002 leads to the drawbacks and opportunities of currency boards.
Full Dollarization
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Author : Mr.Eduardo Borensztein
language : en
Publisher: International Monetary Fund
Release Date : 2000-12-20
Full Dollarization written by Mr.Eduardo Borensztein and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-12-20 with Business & Economics categories.
Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country’s currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares with currency board option.