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CURRENCY BOARDS AND CURRENCY CONVERTIBILITY
modern market economy CURRENCY CONVERTIBILITY CURRENCY BOARDS
2008/11/22
Standard textbooks characterize the evolution of an economy
toward a modern market economy in the following way. Initially
resources are privately owned but there is no money, so trade takes
the fo...
CURRENCY PRIVATIZATION AS A SUBSTITUTE FOR CURRENCY BOARDS AND DOLLARIZATION
CURRENCY BOARDS CURRENCY PRIVATIZATION DOLLARIZATION
2008/11/6
A nation that seeks to fix the value of its currency relative to that of
some other nation’s currency can do so in at least three different ways:
it can assign responsibility to the central bank for...
Currency Boards vs. Dollarization：Lessons from the Cook Islands
Currency Boards Dollarization Cook Islands
2008/11/4
Modern currency boards are not necessarily precluded from
financing government spending and may feature only partial foreign
reserve backing. The potential dangers are highlighted by the Cook
Islan...