Dual Currency Boards

Dual Currency Boards

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Much has been made of the virtues of this hardest of pegs (save a currency union ): it ensures establishment of low inflation ... to a second reserve currency; for example, the domestic currency would be convertible into either 1 dollar or 1 euro.

Title:Dual Currency Boards
Author:Stefan Erik Oppers
Publisher:International Monetary Fund - 2000


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