{"product_id":"the-stability-of-currency-boards-von-kai-stukenbrock","title":"The Stability of Currency Boards","description":"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.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783631520314\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783631520314","offer_id":55033459769669,"sku":"9783631520314","price":77.4,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/d637aaf3-329a-45e5-ab9f-04bc3fa99ebd.jpg?v=1780808167","url":"https:\/\/shop.autorenwelt.de\/products\/the-stability-of-currency-boards-von-kai-stukenbrock","provider":"Autorenwelt Shop","version":"1.0","type":"link"}