Proceedings of a Conference on Currency Substitution and Currency Boards High quality books
Proceedings of a Conference on Currency Substitution and Currency Boards
By:Nissan Liviatan
Published on 1993-01-01 by World Bank Publications
Eighteen well-known policymakers and economists discuss the rising use of currency substitution in Latin America. They examine the effects of currency boards on substitute currencies and on national stabilization programs. Latin American countries including Argentina, Bolivia, Peru, and Uruguay increasingly use dollars as a substitute for domestic currency. The experts debate whether the region should encourage or resist this trend. Topics include the effects of substitution on inflation, liquidity, and exchange rates. The discussions on Argentina, Peru, and Brazil focus on the ways in which currency boards have affected stabilization in these countries. They consider whether such boards can strengthen fiscal discipline and speed economic adjustment. A currency board issues money that is converted into a foreign reserve currency at a fixed exchange rate. This independent institution takes over the central bank's role as the sole issuer of base money. It also manages the exchange rate to keep the currency stable and convertible.
This Book was ranked at 33 by Google Books for keyword currency.
Book ID of Proceedings of a Conference on Currency Substitution and Currency Boards's Books is IVaYAKpt2JMC, Book which was written byNissan Liviatanhave ETAG "CFPrM0zcTRo"
Book which was published by World Bank Publications since 1993-01-01 have ISBNs, ISBN 13 Code is 9780821325216 and ISBN 10 Code is 0821325213
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Book which have "103 Pages" is Printed at BOOK under CategoryCurrency boards
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