Does the currency board regime provide an exit strategy: example of the transition economy in the process of EU/EMU accession
The theory of international economy does not provide an unambiguous answer to the question which exchange rate regime is optimal for a certain country. Faced with macroeconomic instability, high inflation expectations and poor growth, a number of European transition economies have opted for the currency board regime. The author of the paper analyses the advantages and disadvantages of this regime. In addition, the question that arises is whether this regime provides an exit strategy, what the costs of abandoning the regime are and what could be the alternative strategy for countries which are abandoning the regime. The paper concludes that, in addition to alternative possibilities for abandoning the currency board regime, this regime is still a more superior option for countries in the EU accession process.
Volume (Year): 1 (2012)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: |
Phone: +382 20 403 136
Fax: +382 20 664 029
Web page: http://www.cbcg.me/eng/index.php?bl=journal
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:cbk:journl:v:1:y:2012:i:1:p:59-75. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()The email address of this maintainer does not seem to be valid anymore. Please ask to update the entry or send us the correct address
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.