Estonian currency board and economic performance
1998 ◽
Vol 1
(3)
◽
pp. 463-482
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Keyword(s):
The sole function of an orthodox (or "pure") currency board was to issue paper money fully backed by foreign assets, for which it was exchangeable at a fixed rate. Present-day currency board arrangements, however, are usually coupled with certain instruments of monetary policy too, albeit less extensive than in the case of conventional central banks. This paper sketches the establishment of the Estonian currency board in 1992, and its subsequent impact on the economic reform and performance in Estonia.
2005 ◽
Vol 6
(1)
◽
pp. 95-130
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Keyword(s):
2009 ◽
Vol 26
(4)
◽
pp. 14-19
2010 ◽
Vol 01
(01)
◽
pp. 59-80