A survey of the institutional and operational aspects of modern-day currency boards
This paper surveys the institutional and operational features of the six modern currency boards. The survey is developed around three key aspects: organisation, operations and legal foundation. By laying out the facts, this survey seeks to shed light on how and why modern currency boards in practice are different from the classic definition, and to distil from their features an updated definition and the revised "rules of the game".
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- Caprio, Gerard Jr. & Dooley, Michael & Leipziger, Danny & Walsh, Carl, 1996.
"The lender of last resort function under a currency board : the case of Argentina,"
Policy Research Working Paper Series
1648, The World Bank.
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- Charles Enoch & TomÃ¡s J. T. BaliÃ±o, 1997. "Currency Board Arrangements; Issues and Experiences," IMF Occasional Papers 151, International Monetary Fund.
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