Independent Currency Authorities : An Analytic Primer /

This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency against an exchange standard on demand and back such operations through a 100 percent marginal foreign reserve cover. They also impose signif...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Osband, Kent
מחברים אחרים: Villanueva, Delano
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 1992.
סדרה:IMF Working Papers; Working Paper ; No. 1992/050
גישה מקוונת:Full text available on IMF