The currency board
Hong Kong s Experience in Operating the Currency Board System
... the currency board arrangements in October 1983, it faced a financial world that was vastly different from that earlier in the century when currency boards flourished in British colonies and ...over ...
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Monetary operations under the Currency Board system: the experience of Hong Kong
... I. Introduction Hong Kong adopted the Currency Board system in October 1983. Over the past three decades, the system has undergone a number of reforms and modifications, allowing it to adapt to the changing ...
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Money Price Relationship under the Currency Board System: The Case of Argentina
... Conclusion Currency regime which was applied during the period of April-1991 – December-2001 in Argentina can be called a currency board-like ...the currency board system was ...
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Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession
... 1 I. Inflation on the long way to EU accession The process of catching-up of the Bulgarian economy and of its nominal convergence to the euro area is connected mainly with price level convergence of accession countries. ...
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Does the Currency Board Matter? U.S. News and Argentine Financial Market Reaction
... the currency board, or the recent financial ...the currency board regime with the floating exchange rate regime, we address three specific research questions: First, do ...the currency ...
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Banks-Firms Nexus under the Currency Board: Empirical Evidence from Bulgaria
... of currency board, the dual sector of enterprises and the specific institutional environment continue their ...the currency board by itself is not sufficiently effective to overcome the ...
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P-Star Model under the Currency Board – The Case of Bulgaria 1997-2008
... the currency board regimes differ in various countries, its main tools were fully applied in the Bulgarian case: fixed exchange rate between the domestic and the anchor currencies, their automatic ...
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Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation ( )
... In this respect, the study of con- sumption is relevant, because it suggests that macroeconomists working on theoreti- cal models on Bulgarian economy within the dynamic stochastic gener[r] ...
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The Argentine Currency Board
... The accomplishments of the currency board have required the adoption a set of policies that were particularly useful at times of crisis. Especially important were the pursuance of a sound fiscal policy, an ...
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Monetary Policy Under a Currency Board
... base currency interest rate fluctuations (EONIA) through which short-term interest rates are contained within a channel given by a target interest rate and possible fluctuation ...under currency boards have ...
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BANKS IN CURRENCY BOARD SYSTEMS AND LIMIT ON MINIMUM LIQUIDITY POSITION IN NATIONAL CURRENCY *
... of currency board arrangements is the loss of independent monetary ...with currency board arrangements deal with loss of Central Bank functions which are especially important in case of ...
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Prospects for a currency board in the Arab Republic of Egypt
... successor currency board could be retained until foreign assets equal the monetary ...the currency board may be better off holding on to them in the ...
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Design and Operation of Existing Currency Board Arrangements
... the currency board arrangement monetary authority cannot actively provide support to the banking system, insolvent banks should be closed before the implementation of the currency ...a ...
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An analysis of Qatar and Dubai’s Currency Board (1966-1973)
... the Currency Board, 1973 As previously explained, Dubai became an emirate in the United Arab Emirates ...independent currency system, which was completed by the issue of the ...Qatar-Dubai ...
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Exchange market pressure and the credibility of Macau's currency Board
... the currency board arrange- ment (CBA) of the Macau Special Administrative Region by studying the relationship between exchange market pressure (EMP) and the anchors of a rule-based CBA, namely, interest ...
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The Role of Currency Board Regime during Economic Crisis
... their currency stable despite close geographical relations with Latvia, which had the worst situation and was unconventionally put as the trouble-spot in the Baltic ...assessing Currency Board effect ...
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Currency Board Arrangement and Transition: The Issues, Controversies and the Experience of Bosnia
... The Currency Board in BH operates since 1997 and has, just as in many other countries, played a significant role in the country’s overall ...the currency board a right option and what benefits ...
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Prerequisites for Sustainable Government Borrowing Within Currency Board System
... Also, the impact of the monetary arrangement on the various aspects of the economy is analysed (Togay & Kose, 2013; Katsimi, 2007; Gurtner, 2003; Tsang & Ma, 2002). In this article, the relation between the ...
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Monetary and Fiscal Policies in Currency Board Systems and Monetary Unions
... the currency board” (De la Torre et ...Brazil’s currency fell sharply over 50% towards the US-$ in ...anchor currency, the US-$, against the Euro, which contributed to a further loss of ...
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Money Market Liquidity under Currency Board – Empirical Investigations for Bulgaria
... most currency board countries minimum required reserves were preserved to different ...the currency board and has not been modified till June ...
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