Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case /

This paper compares monetary policy of currency boards with that of the franc zone during the period 1956-2005. It concludes that monetary policy in the zone was more autonomous than under a currency board, even though both systems faced the same exchange rate constraint. So far, the contingency lin...

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Bibliografski detalji
Glavni autor: Veyrune, Romain
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2007.
Serija:IMF Working Papers; Working Paper ; No. 2007/034
Online pristup:Full text available on IMF