Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages formatIsbn:Softcover - 9783838665498 Thomas Merton

Thomas Merton

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Endpunkt die betriebliche Sozialberatung in der Bundesrepublik Deutschland

Currency Board Arrangements. Rationale for Their Introduction, Advantages and Disadvantages formatIsbn:Softcover - 9783838665498 Thomas MertonInhaltsangabe: 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.