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Review Dual Currency Boards: A Proposal for Currency Stability (EPub)

Dual Currency Boards: A Proposal for Currency Stability (EPub) High quality books

Dual Currency Boards: A Proposal for Currency Stability (EPub)
By:Mr. Stefan E. Oppers
Published on 2000-12-01 by International Monetary Fund

This paper shows that extending the convertibility guarantee of the traditional currency board to a second reserve currency brings about an automatic, market-driven change of the peg when the initial reserve currency appreciates beyond a specified level. The “dual” currency board thus maintains the advantages of a hard peg, but avoids the economic difficulties associated with the link to an overvalued reserve currency. As an added benefit, the system has the potential to promote global currency stability, with the reserves of the dual currency board country acting as a buffer stock to the exchange cross-rate of the chosen reserve currencies.

This Book was ranked at 27 by Google Books for keyword Bimetallism.

Book ID of Dual Currency Boards: A Proposal for Currency Stability (EPub)'s Books is tuD-VLROaYEC, Book which was written byMr. Stefan E. Oppershave ETAG "UgReSLg7+Vc"

Book which was published by International Monetary Fund since 2000-12-01 have ISBNs, ISBN 13 Code is 9781452756233 and ISBN 10 Code is 1452756236

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Book which have "32 Pages" is Printed at BOOK under CategoryBusiness and Economics

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