The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a c

Essay from the year 2009 in the subject Economics - Monetary theory and policy, grade: 2,3, Free University of Berlin, course: International Monetary Relations,

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 stabil

Currency boards are institutions that replace central banks and ensure that a country's currency can be purchased at a given price (or exchange rate) upon deman

Explains what a currency board is and how it differs from a central bank. Examines the advantages and disadvantages of each type of arrangement.