| Edition |
1st, New ed. |
| Description |
1 online resource. |
| Series |
cege-Schriften ; 8
|
| Thesis |
Doctoral Thesis. |
| Contents |
Overview over Currency Board Features - Past and Present Currency Boards - Stability of Currency Boards in a Currency Crisis Model - The Impact of Foreign-Currency denominated debt on Currency Board Stability. |
| Summary |
The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies. |
| Biography |
The Author: Kai Stukenbrock was born in Bremen in 1971. Starting in 1992, he studied economics at the University of Göttingen and the University of California, Los Angeles. In 1997 he became a research fellow at the University of Göttingen, where he earned his doctorate. Since 2002 the author has been working as a rating specialist in sovereign ratings for a financial service provider in London. |
| Note |
Online resource; title from title screen (viewed December 28, 2018). |
|
GMD: electronic resource. |
| Subject |
Currency boards.
|
|
Currency boards -- Case studies.
|
| Other Form: |
Print version: 9783631520314 |
| Standard No. |
9783631756997 |
|
10.3726/b14167 doi |
| ISBN |
9783631756997 (electronic bk.) |
|
3631756992 (electronic bk.) |
|
