Currency boards in retrospect and prospect

Book Cover
Average Rating
MIT Press,
Pub. Date:

Currency boards, more so than other exchange rate regimes, have come in and out of fashion. Defined by a fixed exchange rate with full convertibility, central bank liabilities backed with foreign exchange reserves, and a high cost of exiting the regime, currency boards were common in colonial times--until most were cast off as countries gained independence after World War II. In the 1990s, currency boards enjoyed a revival as the cornerstone of various macroeconomic stabilization programs--including many in central and eastern European transition economies--only to fall into disfavor again with the collapse of the Argentine regime in 2002. The authors of Currency Boards in Retrospect and Prospect take a balanced look at the effects of currency board regimes on inflation, output growth, and macroeconomic performance more generally. Drawing on historical experience, economic theory, cross-country empirical analysis, and case studies of currency boards in Argentina, Estonia, Lithuania, Bulgaria, and Bosnia and Herzegovina, the authors conclude that currency boards deliver significant reductions in inflation compared to other regimes and do not seem to result in slower growth or a markedly higher vulnerability to crisis. Holger C. Wolf is Associate Professor at the BMW Center for German and European Studies at Georgetown University. Atish R. Ghosh is Chief of the Policy Review Division of the Policy Development and Review Department of the International Monetary Fund. Helge Berger is Professor and Chair of Monetary Economics at Free University Berlin and coeditor of Managing EU Enlargement (MIT Press, 2004). Anne-Marie Gulde is Assistant Director of the Policy Wing of the African Department at the International Monetary Fund. Ghosh, Gulde, and Wolf are the authors of Exchange Rate Regimes: Choice and Consequences (MIT Press, 2003).

More Details
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID 4e5a42ad-b821-d6f4-8752-9a4bb12a835e
full_title currency boards in retrospect and prospect
author holger c wolf
grouping_category book
lastUpdate 2017-08-14 05:04:17AM

Solr Details

_version_ 1576153928278474752
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author2 NetLibrary, Inc.
author2-role NetLibrary, Inc.
author_additional Holger C. Wolf ... [et al.].
availability_toggle_arlington Available Now, Available Online, Entire Collection
callnumber-a HG230.5
callnumber-first H - Social Science
callnumber-subject HG - Finance
days_since_added 3152
detailed_location_arlington EBSCOhost
econtent_protection_type_arlington external
econtent_source_arlington EBSCOhost
format_arlington eBook
format_boost 10
format_category_arlington eBook
grouping_category book
id 4e5a42ad-b821-d6f4-8752-9a4bb12a835e
isbn 9781435643307
item_details external_econtent:ils:.b12948822||EBSCOhost|Online|eBook|eBook|1|false|true|EBSCOhost||||Available Online||q||
itype_arlington eCollection
language English
language_boost 10
language_boost_es 1
lexile_score -1
lib_boost_arlington 50
literary_form Other
literary_form_full Other
local_callnumber_arlington Online
local_callnumber_exact_arlington Online
local_callnumber_left_arlington Online
local_days_since_added_arlington 3152
num_holdings 0
oclc (OCoLC)228093566
owning_library_arlington Arlington Public Library Online, Aurora Hills Online, Central Online, Cherrydale Online, Columbia Pike Online, Connection Crystal City Online, Detention Center Online, Glencarlyn Online, Local History Online, Plaza Online, Shirlington Online, Westover Online
physical xiii, 262 p. : ill. ; 24 cm.
popularity 0
primary_isbn 9781435643307
publishDate 2008
publishDateSort 2008
publisher MIT Press,
rating 2.5
rating_facet oneStar, twoStar
record_details external_econtent:ils:.b12948822|eBook|eBook||English|MIT Press,|c2008.|xiii, 262 p. : ill. ; 24 cm.
recordtype grouped_work
scope_has_related_records a, arlington, c, d, g, h, o, p, s, u, v, w
scoping_details_arlington external_econtent:ils:.b12948822||Available Online|Available Online|false|true|false|false|false|true||||
series CESifo book
series2 CESifo book series.
series_with_volume CESifo book
table_of_contents Introduction -- Currency boards : history, theory, and institutions -- Currency boards in historical perspective -- Why do countries choose currency boards? -- Modern currency boards : structural and institutional aspects -- Macroeconomic performance -- Stylized facts -- Inflation and disinflation under alternative exchange rate regimes -- Output growth and trade performance -- Argentina -- Case studies in modern currency boards : the European experience -- Euro-based currency boards : introduction -- Estonia -- Lithuania -- Bulgaria -- Bosnia and Herzegovina -- Euro-based currency boards : an assessment -- Conclusions.
target_audience Other
target_audience_full Other
title Currency boards in retrospect and prospect
title_display Currency boards in retrospect and prospect
title_full Currency boards in retrospect and prospect [electronic resource] / Holger C. Wolf ... [et al.]
title_short Currency boards in retrospect and prospect
title_sort currency boards in retrospect and prospect