| Description |
1 online resource (25 pages) : illustrations |
| Series |
IMF policy discussion paper ; PDP/00/1 |
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IMF policy discussion paper ; PDP/00/1.
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| Summary |
Annotation Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. the experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the euro? After considering the pros and cons, this paper provides an affirmative answer, but notes that to preserve the viability of their CBAs throughout the process, these countries need to maintain strict policy discipline and be prepared to deal with large capital inflows and asymmetric shocks |
| Bibliography |
Includes bibliographical references (page 25) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
European Union
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Economic and Monetary Union.
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| SUBJECT |
Economic and Monetary Union. fast (OCoLC)fst00735629 |
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European Union. fast (OCoLC)fst00916630 |
| Subject |
Currency boards -- Europe
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Monetary policy -- Europe
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Euro.
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Currency boards.
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Euro.
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Monetary policy.
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Europe.
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| Form |
Electronic book
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| Author |
Kähkönen, Juha, author.
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Keller, Peter, 1946- author.
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International Monetary Fund. Monetary and Exchange Affairs Department, issuing body.
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International Monetary Fund. European I Department, issuing body.
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International Monetary Fund. European II Department, issuing body.
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| ISBN |
1455266868 |
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9781455266869 |
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9781455292172 |
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1455292176 |
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9781451974928 |
|
1451974922 |
|
1455219614 |
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9781455219612 |
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