Currency board, dollarisation or flexible exchange rates for emerging economies? Reflections on Argentina
csal
- Aschinger, Gerhard University of Fribourg, Switzerland
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2002
Published in:
- Intereconomics. - Springer-Verlag. - 2002, vol. 37, no. 2, p. 110-115
English
Since the 1990s many emerging countries have adopted a fixed exchange-rate peg vis-à-vis a reserve currency in order to cope with economic imbalances such as buoyant inflation, high unemployment or staggering economic growth. However, after a period of economic stabilisation and prosperity, overheating effects showed up in several countries that were often coupled with difficulties in the banking and/or the real estate sector. Sticking with a fixed peg, the likelihood of a currency crisis increased. The case of Argentina shows that even with a currency board it is difficult to restore confidence if a crisis has already been developing for several years. This article presents an economic analysis of the Argentina crisis
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- Language
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- English
- Classification
- Economics
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License undefined
HWWA and Springer-Verlag, 2002 - Identifiers
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- RERO DOC 310868
- SWISSBIB (NATIONALLICENCE)springer-10.1007/BF02930159
- DOI 10.1007/BF02930159
- Persistent URL
- https://sonar.rero.ch/global/documents/306687
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