Currency Board
Currency Board in Global Commerce Policy
In this regard, currency board is: pegging the value of a currency to that of another or a basket of currencies. This is usually done to stabilize a volatile currency and to give the government time to devise and institute macro-economic reforms. The entries on trade policy are here. A currency board may of course lead to market-driven reforms. The entries on trade policy are here. Argument rages among economists whether stabilization of a currency should come before or after the establishment of a currency board.[1]
Currency Boardin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Currency Board” entry (OAS)
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