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Design and Operation of Existing Currency Board Arrangements

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  • Malgorzata Jakubiak

Abstract

This paper summarizes recent literature on the experience of some existing currency boards. It begins with the definition of the currency board and the description of some existing currency boards. It then discusses advantages and disadvantages of implementing the currency board regime, and concludes with a list of conditions that must be satisfied if a country wants to adopt this monetary framework.

Suggested Citation

  • Malgorzata Jakubiak, 1999. "Design and Operation of Existing Currency Board Arrangements," CASE Network Studies and Analyses 0203, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0203
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    File URL: https://case-research.eu/upload/publikacja_plik/SA203.pdf
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    References listed on IDEAS

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    1. Yum K. Kwan & Francis Lui, 1999. "Hong Kong's Currency Board and Changing Monetary Regimes," NBER Chapters, in: Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, pages 403-436, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Dorota Zuchowska, 2015. "Accession To The Eurozone As Lithuania’S Exit Strategy From The Currency Board System," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 10(3), pages 27-43, September.

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    Keywords

    currency board;

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