Hidden Bibliographic Details
Other authors / contributors: | International Monetary Fund. Office in Europe.
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ISBN: | 1282020021 9781282020023 1451905467 9781451905465 1462347827 9781462347827 1452756236 9781452756233 9786613796110 6613796115
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Notes: | Includes bibliographical references (page 14). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | Currency boards (CBs) have been successful vehicles for importing monetary stability in a number of countries in the 1990s (see Baliño and Enoch, 1997, for an overview). Much has been made of the virtues of this hardest of pegs (save a currency union): it ensures establishment of low inflation virtually overnight and a significant reduction of currency risk premiums, but allows the CB country to retain its own currency, thereby preserving a degree of national sovereignty (and with it an exit strategy from the arrangement), as well as the ability to collect seigniorage.
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Other form: | Print version: Oppers, Stefan E. (Stefan Erik). Dual currency boards. [Washington, D.C.] : International Monetary Fund, Office in Europe, ©2000
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Standard no.: | 10.5089/9781451905465.001
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