Cover Image
Read Now

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 signif...

Full description

Bibliographic Details
Main Author: Osband, Kent
Other Authors: Villanueva, Delano
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Working Papers
Subjects:
Currency
Foreign Exchange
Reserve Currencies
Money
Banks And Banking
Monetary Systems
Currencies
Micro Finance Institutions
Price Level
Deflation
Currency Boards
Standards
Government And The Monetary System
Mortgages
International Reserves
Monetary Policy
Monetary Policy, Central Banking, And The Supply Of Money And Credit: Other
Macroeconomics
Banks
Central Banks
Payment Systems
Regimes
Foreign Exchange Reserves
Depository Institutions
Monetary Economics
Money And Monetary Policy
Prices
Banking
Inflation
Singapore
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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 budget of the country that operates them. When supporting institutions have been put in place, ICAs appear to have promoted price stability, foreign trade, saving, and investment
Physical Description:30 pages
ISBN:9781451846881

Similar Items