Currency Boards in Theory and Practice: The Case of Argentina

John C.B. Cooper
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John C.B. Cooper: Department of Economics, Glasgow Caledonian University, UK

Journal of Interdisciplinary Economics, 2002, vol. 13, issue 4, 389-400

Abstract: Central banks in a number of countries have become engines of inflation through their money creating powers. To obviate this, some countries such as Argentina have adopted a currency board as an alternative form of monetary authority. This paper explains the mechanics of a currency board vis à vis a central bank and examines how the Argentinian economy has progressed from the establishment of its quasi-currency board in 1991 until March 2001.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:13:y:2002:i:4:p:389-400

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