Currency Board Arrangements: Issues and Experiences

Charles Enoch and Tomás Baliño

No 1997/005, IMF Occasional Papers from International Monetary Fund

Abstract: This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.

Keywords: OP; deposit; bank; CBA.; exchange rate; Banco de la Nacion Argentina; money market rate; appendix I. interest rate convergence; CBA country; U.S. dollar; Exchange rates; Currencies; Currency boards; Commercial banks; Caribbean; Baltics; Central Asia; Europe; Global; CBA framework; IMF support; balance of payments target; convertibility rule; International reserves; Exchange rate arrangements (search for similar items in EconPapers)
Pages: 43
Date: 1997-09-05
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Citations: View citations in EconPapers (53)

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