Currency Boards : The Ultimate Fix? /

The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a common currency, currency board arrangements represent the most extreme form of exchange rate peg. This paper compares the macroeconomic perf...

Full description

Bibliographic Details
Main Author: Ghosh, Atish
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/008
Online Access:Full text available on IMF
LEADER 01648cas a2200241 a 4500
001 AALejournalIMF000539
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451927955 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Ghosh, Atish. 
245 1 0 |a Currency Boards :   |b The Ultimate Fix? /  |c Atish Ghosh. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a common currency, currency board arrangements represent the most extreme form of exchange rate peg. This paper compares the macroeconomic performance of countries with currency boards to those with other forms of pegged exchange rate regime. Currency boards are indeed associated with better inflation performance, even allowing for potential endogeneity of the choice of regime. Perhaps more surprisingly, this better inflation performance is accompanied by higher output growth. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/008 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/008/001.1998.issue-008-en.xml  |z IMF e-Library