Independent Currency Authorities : An Analytic Primer

An Analytic Primer

Independent Currency Authorities : An Analytic Primer
This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency against an exchange standard on demand and back such operations through a 100 percent marginal foreign reserve cover. They also impose significant constraints on the banking system and the... READ MORE...

Publication date: July 1992
ISBN 9781451846881
$15.00

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