Policy Pre‑Commitment and Institutional Design: A Synthetic Indicator Applied to Currency Boards
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Currency boards have been portrayed as an extreme way of creating currency quality and improving monetary policy credibility in emerging market economies. Yet the link between currency board operations and credibility is far from obvious. Indeed, under the heading of currency boards, there is in fact a number of significantly diverse institutional...
