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Beschreibung
The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.
The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.
Über den Autor
The Author: Kai Stukenbrock was born in Bremen in 1971. Starting in 1992, he studied economics at the University of Göttingen and the University of California, Los Angeles. In 1997 he became a research fellow at the University of Göttingen, where he earned his doctorate. Since 2002 the author has been working as a rating specialist in sovereign ratings for a financial service provider in London.
Inhaltsverzeichnis
Contents: Overview over Currency Board Features - Past and Present Currency Boards -Stability of Currency Boards in a Currency Crisis Model - The Impact of Foreign-Currency denominated debt on Currency Board Stability.
Details
Erscheinungsjahr: 2004
Fachbereich: Volkswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9783631520314
ISBN-10: 363152031X
Sprache: Englisch
Herstellernummer: 52031
Einband: Kartoniert / Broschiert
Autor: Stukenbrock, Kai
Auflage: 1. Auflage
Hersteller: Peter Lang
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, D-10178 Berlin, r.boehm-korff@peterlang.com
Maße: 210 x 148 x 14 mm
Von/Mit: Kai Stukenbrock
Erscheinungsdatum: 24.02.2004
Gewicht: 0,316 kg
Artikel-ID: 125358528

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