Download or read book The Stability of Currency Boards written by Kai Stukenbrock and published by Peter Lang Pub Incorporated. This book was released on 2004 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.

Download or read book Currency Board Arrangements written by Mr.Charles Enoch and published by International Monetary Fund. This book was released on 1997-09-05 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.

Download or read book What Role for Currency Boards written by John Williamson and published by Peterson Institute for International Economics. This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.

Download or read book The SAGE Encyclopedia of Business Ethics and Society written by Robert W. Kolb and published by SAGE Publications. This book was released on 2018-03-27 with total page 8802 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly revised, updated, and expanded, The SAGE Encyclopedia of Business Ethics and Society, Second Edition explores current topics, such as mass social media, cookies, and cyber-attacks, as well as traditional issues including accounting, discrimination, environmental concerns, and management. The new edition also includes an in-depth examination of current and recent ethical affairs, such as the dangerous work environments of off-shore factories for Western retailers, the negligence resulting in the 2010 BP oil spill, the gender wage gap, the minimum wage debate and increasing income disparity, and the unparalleled level of debt in the U.S. and other countries with the challenges it presents to many societies and the considerable impact on the ethics of intergenerational wealth transfers. Key Features Include: Seven volumes, available in both electronic and print formats, contain more than 1,200 signed entries by significant figures in the field Cross-references and suggestions for further readings to guide students to in-depth resources Thematic Reader's Guide groups related entries by general topics Index allows for thorough browse-and-search capabilities in the electronic edition

Download or read book The Operation of the Estonian Currency Board written by Adam Bennett and published by . This book was released on 1992 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 2014 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-10-09 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 65th issue of the AREAER. It provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF member countries. It also provides information on the operation of foreign exchange markets and controls on international trade. It describes controls on capital transactions and measures implemented in the financial sector, including prudential measures. In addition, it reports on exchange measures imposed by member countries for security reasons. A single table provides a snapshot of the exchange and trade systems of all IMF member countries. The Overview describes in detail how the general trend toward foreign exchange liberalization continued during 2013, alongside a strengthening of the financial sector regulatory framework. A Special Topic essay examines the dynamics and evolution of capital flows. The AREAER is available in several formats. The Overview in print and online, and the detailed information for each of the 191 member countries and territories is included on a CD that accompanies the printed Overview and in an online database, AREAER Online. In addition to the information on the exchange and trade system of IMF member countries in 2013, AREAER Online contains historical data published in previous issues of the AREAER. It is searchable by year, country, and category of measure and allows cross country comparisons for time series.

Download or read book Pros and Cons of Currency Board Arrangements in the Lead Up to EU Accession and Participation in the Euro Zone written by Ms.Anne Marie Gulde and published by International Monetary Fund. This book was released on 2000-02-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the euro? After considering the pros and cons, this paper provides an affirmative answer, but notes that to preserve the viability of their CBAs throughout the process, these countries need to maintain strict policy discipline and be prepared to deal with large capital inflows and asymmetric shocks.

Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 2013 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-12-15 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 64th issue of the AREAER. It provides a description of the foreign exchange arrangements, exchange and trade systems, and capital controls of all IMF member countries. It also provides information on the operation of foreign exchange markets and controls on international trade. It describes controls on capital transactions and measures implemented in the financial sector, including prudential measures. In addition, it reports on exchange measures imposed by member countries for security reasons. A single table provides a snapshot of the exchange and trade systems of all IMF member countries. The Overview describes in detail how the general trend toward foreign exchange liberalization continued during 2012, alongside a strengthening of the financial sector regulatory framework. The AREAER is available in several formats. The Overview in print and online, and the detailed information for each of the 191 member countries and territories is included on a CD that accompanies the printed Overview and in an online database, AREAER Online. In addition to the information on the exchange and trade system of IMF member countries in 2012, AREAER Online contains historical data published in previous issues of the AREAER. It is searchable by year, country, and category of measure and allows cross country comparisons for time series.

Download or read book Baltic Business and Socio Economic Development 2007 written by Jost W. Kramer and published by BWV Verlag. This book was released on 2010-12-06 with total page 1115 pages. Available in PDF, EPUB and Kindle. Book excerpt: HauptbeschreibungThe 3rd International Conference on "Baltic Business and Socio-Economic Development" took place between 17th and 19th of June 2007 in Tallinn. The conference provided an opportunity to discuss issues related particularly to assessment of socio-economic development and business environment in the Baltic Sea Region, the economic and financial situation of SMEs, and possibilities of international co-operation in the area of education activity. With more than 100 participants the conference represented a great platform to disseminate knowledge on socio-economic conditions for regi.

Download or read book Economic Transition in Central and Eastern Europe written by Daniel Gros and published by Cambridge University Press. This book was released on 2004-03-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysing the key problems facing the transition countries in Central and Eastern Europe, this accessible book describes the legacy of the central planners, the progress achieved so far and the need for further reforms. It documents the outstanding successes and failures, and analyses why certain approaches to transition have worked and others have not. It tests where transition is over and shows how some countries have graduated from 'transition' to 'integration' through their efforts to join the European Union (EU). It discusses the costs and benefits of the eastern enlargement of the EU. The specific experiences of German unification, the Soviet Union's disintegration, and Russia's complex reforms are examined, as are the specific issues that need to be addressed in the Balkans. The book concludes by indicating how the expanding EU could help the poor performers through inclusion in a continent-wide integrated economic area.

Download or read book Annual Report on Exchange Arrangements and Exchange Restrictions 1999 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 1999-09-17 with total page 996 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exchange and trade systems of IMF member countries are presented in this comprehensive volume in a tabular format. There is expanded coverage of the regulatory framework for capital movements. The information generally relates to the end of 1998 but also covers significant developments in early 1999. Published in September.

Download or read book Economic Policy in Eastern Europe written by Iliana Zloch-Christy and published by Bloomsbury Publishing USA. This book was released on 2000-08-30 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1989 the post-Communist countries of Eastern Europe opened their economies by establishing more open exchange rate policies and exchange controls and eliminating prohibitive tariffs and quotas. Now trying to join the integrated world economy, they are facing the challenge of finding strategic alliances and attracting foreign capital. This book analyzes economic policy in Eastern Europe with a focus on the financial arrangement of currency boards. It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that adopted currency boards, and whether currency boards were a solution. The book is organized into two parts. Part I addresses the challenges to economic policy in Eastern Europe, and Part II turns to the discussion of currency board arrangements.

Download or read book European Culture in a Changing World written by Daniel Meyer-Dinkgräfe and published by Cambridge Scholars Press. This book was released on 2004 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the words of Ezra Talmor: To deal with European Culture in a Changing World is to deal, in fact, with the reciprocal relation between Politics and Economics on the one hand, and Culture on the other. In an era when economic forces are pushing towards European Economic Unity or towards the Globalisation of National Markets it is rather difficult to demarcate the role of Culture. While the European Narrative may have been written by Monnet, De Gaulle, and Adenauer, the Global Narrative is written by an unknown author or rather by Adam Smithâ (TM)s Invisible Hand. On the one hand the postmodernist claim that the Grand Narrative is dead is given the lie. A Grand Narrative is now being written not by Philosophers but by Managers of Multinationals. The Foucauldian â oeça parleâ (it speaks) is instantiated by the anonymous authors of the Global Narrative. The question to be asked is: What will happen to the rich mosaic of National European Cultures? The answer to this question is not only a matter of National Memory and National Identity, it is also a matter of the sources of cultural creativity. Lâ (TM)Europe de nations may have been the theatre of endless national wars but it was also the cradle of a very rich mosaic of national cultures. The point is: how will creative genius adapt to the two new trends - European Unification and Globalism? This volume brings together essays by leading scholars in a myriad of disciplines, all of which attempt to shed light on these issues. Contributions by: Nicholas Perdikis, Shari L. Boyd, William A Kerr, Sylvia MacPhee, Marcela Cristi, Anu Randveer, Martti Randveer, Viljar Jaamu, Vello Vensel, Anatoly Zotov, Warren Breckman, Douglas Moggach, Malgorzata Bogunia-Borowska, Alexandros Kioupkiolis, Eric W. Ruckh, Avron Kulak, Kevin P. Spicer, Bernard Zelechow, Dorothy M. Betz, Robert Stanley, Rosemary Gray, Jean-François Thibault, John Danvers, Ewa Macura, William A. Everett, Armand Singer, Daniel Meyer-Dinkgräfe

Download or read book Republic of Estonia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-07-10 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic recovery seems to be firmly established, supported by strengthened domestic private demand. The Bank of Estonia (BoE) is committed to maintaining the currency board until the euro becomes Estonia's official currency. The compliance with the Basel Core Principles (BCP) has improved and is now high. Monetary and financial policies are transparent. Financial sector assessment program recommendations have been integrated into the government's work program. Good progress is being made in the implementation of the structural reform agenda, including the privatization of major infrastructure companies.

Download or read book Developing the Occupied Territories The economy written by and published by World Bank Publications. This book was released on 1993-01-01 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Kyrgyzstan moves toward a market economy, it faces population growth, rising unemployment, and increased poverty. The guidelines in this study show how transitional economies can deliver social services to the people who will need them most. Recommendations to improve the labor market include ways to retrain workers, provide unemployment benefits, create a government employment service, and deal with mass layoffs. The report suggests calculating a specific poverty line so that subsidies may be directed more carefully to those in need and social spending may be reduced. This poverty line would be used with other government measures to reform pensions, family allowances, maternity benefits, sick pay, and subsidies for food and heating fuel. Additional reforms suggest ways to strengthen social services and improve policies for education, health care, and family planning. They survey different ways to monitor poverty, allocate budgets, and exploit the services of nongovernmental organizations.

Download or read book Currency Board Arrangements Rationale for Their Introduction Advantages and Disadvantages written by Svetoslav Pintev and published by diplom.de. This book was released on 2003-03-18 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank s holdings of foreign exchange, were long generally dismissed as throwbacks to the colonial era. It was argued that such a rigid, rule-based arrangement was not well suited to diversified economies in many of which the authorities had developed sophisticated skills in monetary management. Instead, currency boards were seen as desirable in very small open economies (such as city-states for example). In 1960, 38 countries or territories were operating under a currency board. By 1970, they were 20 and, by the late 1980s, only 9. In the last decade the interest for Currency Board Arrangement (hereinafter CBA) renewed because of its simplicity, transparency, and rule-bound character. It became evident after the successful efforts made by two transition economies-Estonia and Lithuania-which quickly managed to achieve credibility for their newly established currencies. In 1997, a currency board arrangement was introduced in Bulgaria to end the economic crisis. Soon after, Bosnia and Herzegovina followed. In 1998 there have been discussions on establishing a currency board arrangement in Russia. More recently the newly appointed Finance Minister of Poland initiated a debate on pegging the Polish zloty to the euro through a CBA. This paper previews the history of the colonial and modern currency boards and presents the benefits of such a system for the newly emerged transition economies in Eastern Europe and Bulgaria especially. First, we will present a brief description of the currency board system. Currency Board Arrangements after falling into oblivion during much of the post-war period, staged a remarkable comeback mainly in Central and Eastern Europe countries. Estonia, Lithuania, Bulgaria and Bosnia and Herzegovina have introduced this particular monetary framework and as a result have managed to break inflationary inertia, to bolster the credibility of the monetary authorities and to instill macroeconomic discipline. Inhaltsverzeichnis:Table of Contents: I.Introduction 1.What is a currency board? 2.What a currency board is not? II.Origins of the Currency Board 1.Intellectual origin of the currency board system 2.Early Currency Board Systems 3.Decline of the Currency Board system. Reasons 4.Currency board system in nowadays III.Currency Board system and Countries in [...]

Download or read book Financial and Monetary Integration in the New Europe written by David G. Dickinson and published by Edward Elgar Publishing. This book was released on 2002-02-26 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country data from these regions, Financial and Monetary Integration in the New Europe looks at the key issues for applicant countries as they negotiate the terms of their membership in the European Union. Of major concern to these countries is the financial sector and its implications for economic growth and the conduct of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and financial market efficiency. The overall impact of building a market driven financial system on economic development is also explored.