hyperinflation during the 1980s are analysed, and the theory of currency boards is expounded. The stabilisation tool, an … institutionally highly credible currency board arrangement (CBA), though highly effective, could not be an optimal long-term solution …

Argentina adopted currency type board arrangements to put an end to monetary instability in the nineteenth and the … twentieth centuries under very different historical circumstances and contexts with very different results. The first currency … board functioned within an international system that functioned in manner similar to a closed economy. The second currency …

to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation … paper develops a theoretic framework that may be used to evaluate central bank digital currency proposals. …

to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation … paper develops a theoretic framework that may be used to evaluate central bank digital currency proposals. …

"The purpose of this seminar was to review experiences of economies in the Asia-Pacific region with currency … if current trends continue. Lessons learned about currency internationalisation since the intensification of the strains …

Purpose This study aims to evaluate the role of the prevailing currency systems in achieving (or departing from) the …. Design/methodology/approach After documenting historical developments in currency systems, the study reviews the Islamic … perspective on the matter. Features of an ideal currency system are listed and then a critical evaluation of existing currency …

We document that the currency denomination of the debt of developed country firms is strongly related to the … equivalent increase in the proportion of debt denominated in the corresponding currency. Consistent with the existence of fixed … costs of debt issuance, we find that the relationship between the currency denomination of debt and the geography of sales …

. In modern capitalist economies, the currency is also a simple public monopoly. As long as money has existed, someone has … currencies, currency pegs, currency boards, dollarized nations, and monetary unions) to examine the available policy space in …