TY  - BOOK
AU  - Ghosh,Atish R.
TI  - Currency Boards: The Ultimate Fix? 
T2  - IMF Working Papers; Working Paper
SN  - 1451927959 :
SN  - 1018-5941
PY  - 1998///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - Currency Board
KW  - Currency Boards
KW  - Exchange Rate Regimes
KW  - Exchange Rate
KW  - Fixed Exchange Rates
KW  - Bulgaria
KW  - Hong Kong Special Administrative Region of China
KW  - Saint Vincent and the Grenadines
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/01468-9781451927955/01468-9781451927955/01468-9781451927955.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451927955
ER  -