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An introduction to currency boards

Author

Listed:
  • Owen F. Humpage
  • Jean M. McIntire

Abstract

A look at the pros and cons of currency boards as an institution for providing monetary credibility in developing countries.

Suggested Citation

  • Owen F. Humpage & Jean M. McIntire, 1995. "An introduction to currency boards," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 2-11.
  • Handle: RePEc:fip:fedcer:y:1995:i:qii:p:2-11
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    File URL: http://www.clevelandfed.org/Research/Review/1995/95-q2-humpage.pdf
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    References listed on IDEAS

    as
    1. Goodhart, C A E, 1987. "Why Do Banks Need a Central Bank?," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 75-89, March.
    2. Adam G. G. Bennett, 1993. "The Operation of the Estonian Currency Board," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 451-470, June.
    3. Maxwell J. Fry, 1993. "The Fiscal Abuse of Central Banks," IMF Working Papers 93/58, International Monetary Fund.
    4. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics,in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747 Elsevier.
    5. George A. Selgin, 1989. "Legal Restrictions, Financial Weakening, and the Lender of Last Resort," Cato Journal, Cato Journal, Cato Institute, vol. 9(2), pages 429-469, Fall.
    6. Calvo, Guillermo & Vegh, Carlos, 1992. "Currency Substitution in Developing Countries: An Introduction," MPRA Paper 20338, University Library of Munich, Germany.
    7. Norman S. Fieleke, 1992. "The quest for sound money: currency boards to the rescue," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 14-24.
    8. Schwartz, Anna J., 1993. "Currency boards: their past, present, and possible future role," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 147-187, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Maute, Jutta, 2002. "Stabilization via currency board," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 18/2002, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
    2. Marco A. Espinosa-Vega & Steven Russell, 1996. "The Mexican economic crisis: alternative views," Economic Review, Federal Reserve Bank of Atlanta, issue Jan, pages 21-44.
    3. Jian-Ye Wang & Nisreen H. Farhan & Amar Shanghavi & Márcio Valério Ronci & Misa Takebe, 2008. "The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy; The Case of São Tomé and Príncipe," IMF Working Papers 08/118, International Monetary Fund.
    4. Iyabo Masha & Leighton S Harris & Jian-Ye Wang & Kazuko Shirono, 2007. "The Common Monetary Area in Southern Africa; Shocks, Adjustment, and Policy Challenges," IMF Working Papers 07/158, International Monetary Fund.
    5. International Monetary Fund, 2006. "The Kingdom of Swaziland; Statistical Appendix," IMF Staff Country Reports 06/109, International Monetary Fund.
    6. Carlos E. Zarazaga, 1995. "Argentina, Mexico, and currency boards: another case of rules versus discretion," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 14-24.
    7. Joseph A. Whitt, 1996. "The Mexican peso crisis," Economic Review, Federal Reserve Bank of Atlanta, issue Jan, pages 1-20.
    8. Jochem, Axel, 1999. "Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems: Beitrag für den Projektbericht: Währungspolitische Optionen für die mittel- und osteuropä," Working Papers in Economics 1999,5, Bundeswehr University Munich, Economic Research Group.

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