country in a currency board arrangement - in the first five years after the introduction of the regime. The presence of such a … single fiscal account present on the balance sheet of the currency board. …

This paper studies the economy of Hong Kong through the lens of a small open economy DSGE model with a currency board …-firms; the money supply is fully backed by reserves under the currency board. We estimate and evaluate the model by Indirect … examined the economy’s volatility using bootstrapping of the model innovations, under both the estimated currency board model …

he opposed currency board regimes or outright dollarization. Nothing could be further from the truth. Over a period of …

Inflation in a country with a currency board is usually believed to be highly dependent on external factors. Important …

currency board and capital flows, and the inescapable link between fiscal and monetary policy. Argentina inadvertently entered … into a vicious circle with financial markets -- one in which it felt compelled to raise the exit costs from the currency … board in order to maintain the regime%u2019s credibility. As exit costs mounted, financial markets became increasingly …

In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected …

The currency board arrangement (CBA) in Bulgaria will soon mark its twenty fifth anniversary, a period full of … growing global and domestic development challenges ahead.The Bulgarian experience is an example of how a currency board can …

This study aims to compare the performance of free‐floating and currency board regimes for Hong Kong by examining …