Estonian currency board and economic performance
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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AOSIS
1998-09-01
|
| Series: | South African Journal of Economic and Management Sciences |
| Online Access: | https://sajems.org/index.php/sajems/article/view/2557 |
| id |
doaj-bc879f0e84a544a0ad2eec7cb5d7f4b0 |
|---|---|
| record_format |
Article |
| spelling |
doaj-bc879f0e84a544a0ad2eec7cb5d7f4b02020-11-25T02:38:51ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34361998-09-011346348210.4102/sajems.v1i3.2557687Estonian currency board and economic performanceM. Sõrg0University of TartuThe 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.https://sajems.org/index.php/sajems/article/view/2557 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
M. Sõrg |
| spellingShingle |
M. Sõrg Estonian currency board and economic performance South African Journal of Economic and Management Sciences |
| author_facet |
M. Sõrg |
| author_sort |
M. Sõrg |
| title |
Estonian currency board and economic performance |
| title_short |
Estonian currency board and economic performance |
| title_full |
Estonian currency board and economic performance |
| title_fullStr |
Estonian currency board and economic performance |
| title_full_unstemmed |
Estonian currency board and economic performance |
| title_sort |
estonian currency board and economic performance |
| publisher |
AOSIS |
| series |
South African Journal of Economic and Management Sciences |
| issn |
1015-8812 2222-3436 |
| publishDate |
1998-09-01 |
| description |
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. |
| url |
https://sajems.org/index.php/sajems/article/view/2557 |
| work_keys_str_mv |
AT msorg estoniancurrencyboardandeconomicperformance |
| _version_ |
1724789279402491904 |