publication . Preprint . Article . 1999

Institutional Arrangements of Currency Boards - Comparative Macroeconomic Analysis

Lubomira Anastassova;
Open Access
  • Published: 01 Jan 1999
Abstract
This paper is concentrated on the comparative macroeconomic analysis of the differences stemming from the extent to which the institutional framework of the currency board arrangement is implemented in the legal and regulatory systems in the different countries. The main objective of taking into consideration and examining the currency board institutional arrangements is to distinguish between the impact that currency board countries and countries with pegged exchange rate have on different macroeconomic indicators. During the analysis of these two extreme representatives of the fixed exchange rate mechanism, a third group of countries naturally emerges, which c...
Subjects
free text keywords: comparative macroeconomic analyses, currency board, pegged exchange rate, Reserve currency, Exchange rate, Economics, Macroeconomics, Currency board, International Fisher effect, Foreign exchange risk, Devaluation, Currency, Monetary economics, Revaluation
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publication . Preprint . Article . 1999

Institutional Arrangements of Currency Boards - Comparative Macroeconomic Analysis

Lubomira Anastassova;