Unemployment Gap in the Currency Board Regime

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Novak Kondić; Borivoje D. Krušković;
  • Journal: Journal of Central banking Theory and Practice,volume 2,issue 3,pages71-84
  • Subject: currency board, exchange rate, devaluation, inflation
    • jel: jel:E31 | jel:E52 | jel:E58

A currency board combines three elements: a fixed exchange rate between a country’s currency and an “anchor currency,” automatic convertibility, and a long-term commitment to the system, often made explicit in the central bank law. The main reason for countries to consi... View more
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