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 …

. 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 …

The paper employs a post-Kaleckian model to address the question of how currency devaluations affect aggregate demand …, capital accumulation, and debt in an economy with foreign currency liabilities. In benchmark post-Kaleckian open economy … models currency devaluations have two key effects. First, they change international price competitiveness and thus affect net …

Foreign currency denominated debt as an influence of exchange rate pressure during the 2008 global crisis is explored … across 58 countries. Countries with higher ratios of foreign currency denominated debt to total international debt … experienced significant currency depreciation during the global crisis. Predicted values of foreign currency denominated …

stem from a systematic shift in currency preferences away from holding dollar assets. Instead, a small group of countries … the primary foreign currency liquidity needs of the central bank are already satisfied. …