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Currency Board Arrangements: Issues and Experiences

Author

Listed:
  • Mr. Charles Enoch
  • Mr. Tomás J. T. Baliño

Abstract

This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.

Suggested Citation

  • Mr. Charles Enoch & Mr. Tomás J. T. Baliño, 1997. "Currency Board Arrangements: Issues and Experiences," IMF Occasional Papers 1997/005, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1997/005
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