Currency Board Arrangements A monetary regime based on an explicit legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate, combined with ...

Therefore, under a currency-board arrangement, there are no capital controls. The currency issued by a currency board is backed 100 percent with anchor-currency reserves. So, with a currency board ...

Currency board arrangements may be coming back into fashion. What recent successes have countries had with currency boards and in what circumstances are they most likely to be effective? Currency ...

Like currency board arrangements, the Convertibility System maintained a fixed exchange rate between the peso and its anchor currency, the U.S. dollar. That nominal anchor crushed hyperinflation ...

Singapore had a smaller gross domestic (GDP) than Rhodesia in 1966. In 1966, it opted for a currency board arrangement instead of a central bank. Under this arrangement, the economy grew from a ...

Since December 2001, Argentina has suspended payments on its external debt, restricted bank deposit withdrawals, and abandoned a currency board arrangement that had pegged the peso to the U.S. dollar ...

The currency board was installed on July 1 ... This would be in exchange for an unclear and potentially unstable arrangement that Bulgaria cannot control and cannot opt-out of.