De Aller-Bedste Bøger - over 12 mio. danske og engelske bøger
Levering: 1 - 2 hverdage

Currency Boards: Analysis, Risks and Benefits

Bag om Currency Boards: Analysis, Risks and Benefits

A currency board is a country's monetary authority that is tasked with sustaining a fixed exchange rate along with a foreign currency. The control of the money supply and exchange rate is delegated to a monetary authority by a currency board. This monetary authority then makes decisions concerning the currency valuation of a country. The currency board permits limitless exchange of the domestic currency with foreign currency to the agents. It provides stable exchange rates that facilitate investment and trade. Currency boards are also well-known for controlling inflation. However, there are certain risks associated with the currency boards. In a crisis, the investors can quickly exchange their domestic currency for foreign currency, leading to an increase in the interest rates. This can severely impact the reserve and liquidity requirements of the banks. This book analyses the risks and benefits associated with currency boards. It is appropriate for students seeking detailed information in this area of study as well as for experts.

Vis mere
  • Sprog:
  • Engelsk
  • ISBN:
  • 9781647266370
  • Indbinding:
  • Hardback
  • Sideantal:
  • 221
  • Udgivet:
  • 26. september 2023
  • Størrelse:
  • 152x14x229 mm.
  • Vægt:
  • 467 g.
  • 8-11 hverdage.
  • 16. januar 2025
På lager

Normalpris

Abonnementspris

- Rabat på køb af fysiske bøger
- 1 valgfrit digitalt ugeblad
- 20 timers lytning og læsning
- Adgang til 70.000+ titler
- Ingen binding

Abonnementet koster 75 kr./md.
Ingen binding og kan opsiges når som helst.

Beskrivelse af Currency Boards: Analysis, Risks and Benefits

A currency board is a country's monetary authority that is tasked with sustaining a fixed exchange rate along with a foreign currency. The control of the money supply and exchange rate is delegated to a monetary authority by a currency board. This monetary authority then makes decisions concerning the currency valuation of a country. The currency board permits limitless exchange of the domestic currency with foreign currency to the agents. It provides stable exchange rates that facilitate investment and trade. Currency boards are also well-known for controlling inflation. However, there are certain risks associated with the currency boards. In a crisis, the investors can quickly exchange their domestic currency for foreign currency, leading to an increase in the interest rates. This can severely impact the reserve and liquidity requirements of the banks. This book analyses the risks and benefits associated with currency boards. It is appropriate for students seeking detailed information in this area of study as well as for experts.

Brugerbedømmelser af Currency Boards: Analysis, Risks and Benefits