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Currency boards and external shocks : how much pain, how much gain? (الإنجليزية)

These proceedings provide an account of a roundtable discussion on the subject of "External Shocks and Currency Boards: How Much Pain? How Much Gain?" held at the World Bank on October 4, 1996. The panelists in this report address the challenges countries face when operating under a currency-board system of currency exchange, which replaces the central bank's function of controlling the currency and imposes instead a fixed exchange rate on international...
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