| Title |
The role of currency board regime during economic crisis / |
| Translation of Title |
Valiutų valdybos modelio vaidmuo ekonominės krizės sąlygomis. |
| Authors |
Pilinkus, Donatas ; Svolka, Andrius ; Bartkus, Edverdas Vaclovas |
| DOI |
10.5755/j01.ee.22.4.714 |
| Full Text |
|
| Is Part of |
Inžinerinė ekonomika = Engineering economics.. Kaunas : Technologija. 2011, vol. 22, iss. 4, p. 392-401.. ISSN 1392-2785. eISSN 2029-5839 |
| Keywords [eng] |
currency board ; economic crisis ; exchange rate regimes ; speculative attacks ; Baltic States |
| Abstract [eng] |
The preferred exchange rate regime issue, for developing and emerging market economies in particular, has evolved considerably over the past couple of decades. Pegging the exchange rate to a strong anchor currency was popular in the early 1990s - especially for nations in transition from command to market economies. But the 1990s also saw a spate of capital account crisis in emerging market countries, with sharp reversals of capital inflows leading to collapsing currencies and underscoring the fragility of such fixed exchange rate regimes. Surprisingly few exchange rate regimes failed during new millennium to compare with the last decade, though economic and financial crises were not a rare exception. Currency Board regime deserves more attention and praises for its merits with respect to benefit it provides during the turmoil period in particular, even though the regime embraces common features of highly criticized Gold standard. [...]. |
| Published |
Kaunas : Technologija |
| Type |
Journal article |
| Language |
English |
| Publication date |
2011 |
| CC license |
|
