Pros and Cons of Currency Board Arrangements in the Lead-Up to EU Accession and Participation in the Euro Zone /

Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve thes...

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Bibliografske podrobnosti
Glavni avtor: Gulde, Anne
Drugi avtorji: Kahkonen, Juha, Keller, Peter
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2000.
Serija:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2000/001
Online dostop:Full text available on IMF
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245 1 0 |a Pros and Cons of Currency Board Arrangements in the Lead-Up to EU Accession and Participation in the Euro Zone /  |c Anne Gulde, Juha Kahkonen, Peter Keller. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the euro? After considering the pros and cons, this paper provides an affirmative answer, but notes that to preserve the viability of their CBAs throughout the process, these countries need to maintain strict policy discipline and be prepared to deal with large capital inflows and asymmetric shocks. 
538 |a Mode of access: Internet 
700 1 |a Kahkonen, Juha. 
700 1 |a Keller, Peter. 
830 0 |a IMF Policy Discussion Papers; Policy Discussion Paper ;  |v No. 2000/001 
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