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volatility of real macroeconomic variables. Simple evidence on the relative volatilities of relevant macroeconomic variables, pre … environment, however, it is found that the currency board period is one of low macroeconomic volatility …
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volatility of real macroeconomic variables. Simple evidence on the relative volatilities of relevant macroeconomic variables … the external environment, it is found that the currency board period is one of low macroeconomic volatility …
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Hong Kong is one of a few economies that operate a variation of a currency board as the basis of their monetary system. This system has persisted despite dramatic changes in the way that the international monetary system operates and despite changes in Hong Kong's political status. The currency...
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Main description: Der Autor bietet eine umfassende Darstellung des Themas und hat dafür eine erhebliche Menge Spezialliteratur zu den einzelnen Aspekten ausgewertet. Er befaßt sich sowohl mit der vollkommenen Dollarisierung/Euroisierung von Volkswirtschaften (D/E-Systeme) als auch mit...
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