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- Author: John Williamson
- Publisher: Peterson Institute for International Economics
- ISBN-10: 0881322229
- ISBN-13: 9780881322224
- Format: 15.3 x 22.9 x 0.6 cm, minkšti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
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Description
To help overcome its financial crisis, Russia is being urged to create a currency board, which has met with success in other countries such as Argentina, Estonia, and Hong Kong. This study explains what a currency board is and how it differs from a central bank, and examines the advantages and disadvantages of each type of arrangement. The author concludes that currency boards may be quite attractive to small, open economies and a useful prop in those emerging from a very deep macroeconomic crisis, but that their disadvantages outweigh these attractions in most large countries.
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- Author: John Williamson
- Publisher: Peterson Institute for International Economics
- ISBN-10: 0881322229
- ISBN-13: 9780881322224
- Format: 15.3 x 22.9 x 0.6 cm, minkšti viršeliai
- Language: English English
To help overcome its financial crisis, Russia is being urged to create a currency board, which has met with success in other countries such as Argentina, Estonia, and Hong Kong. This study explains what a currency board is and how it differs from a central bank, and examines the advantages and disadvantages of each type of arrangement. The author concludes that currency boards may be quite attractive to small, open economies and a useful prop in those emerging from a very deep macroeconomic crisis, but that their disadvantages outweigh these attractions in most large countries.
Reviews