I currency board come strumento di stabilizzazione economica: come funzionano e dove sono adottati

Currency boards as instrument for economic stabilisation: how they work and where they are adopted

Antonio Cappiello

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes the functioning of a currency board within the socio-economic context in which it operates. Special focus is given to the macroeconomic implications of a currency board system compared to a central bank system. In particular the author describes the principles regulating a currency board system (par.3), analyses the most relevant experiences on the adoption of a currency board (par. 5) and its advantages and problems.

Keywords: Currency Boards; Monetary Policy; Central Banks (search for similar items in EconPapers)
JEL-codes: E50 E58 E59 E63 E65 O23 P24 P52 (search for similar items in EconPapers)
Date: 2006
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Published in Quaderni di Studi Europei (2006): pp. 41-63

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