Showing 1 - 10 of 855
This paper analyzes interbank markets under currency boards. Under such an environment, problematic endogeneity issues common to other monetary regimes do not arise. Using daily data from the interbank markets in Bulgaria and Lithuania we show, that contrary to the existing literature, overnight...
Persistent link: https://www.econbiz.de/10005746093
Persistent link: https://www.econbiz.de/10001578633
Persistent link: https://www.econbiz.de/10000634642
Persistent link: https://www.econbiz.de/10001712455
Persistent link: https://www.econbiz.de/10001715603
Persistent link: https://www.econbiz.de/10001671452
Persistent link: https://www.econbiz.de/10001884887
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...
Persistent link: https://www.econbiz.de/10014411089
Persistent link: https://www.econbiz.de/10015178544