Kondić, Novak; Krušković, Borivoje D. - In: Journal of Central Banking Theory and Practice 2 (2013) 2, pp. 71-84
A currency board combines three elements: a fixed exchange rate between a country’s currency and an “anchor currency,” automatic convertibility, and a long-term commitment to the system, often made explicit in the central bank law. The main reason for countries to consider a currency board...
