Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages Rutilius Taurus Aemilianus Mobbing-Report 2002

Mobbing-Report 2002

-- Chapter 30

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Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages Rutilius Taurus Aemilianus Mobbing-Report 2002Inhaltsangabe: Abstract: Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank? s holdings of foreign exchange, were long generally dismissed as throwbacks to the colonial era. It was argued that such a rigid, rule based arrangement was not well suited to diversified economies in many of which the authorities had developed sophisticated skills in monetary management.