Currency Boards; The Ultimate Fix?

Preprint OPEN
Atish R. Ghosh;
  • Subject: Inflation;Currency Boards, Fixed Exchange Rates, Growth, currency board, exchange rate, central bank, exchange rate regimes

The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a common currency, currency board arrangements represent the most extreme form of exchange rate peg. This paper c... View more
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