Jump to ContentJump to Main Navigation
Currency Boards in Retrospect and Prospect$
Users without a subscription are not able to see the full content.

Holger C. Wolf, Atish R. Ghosh, Helge Berger, and Anne-Marie Gulde

Print publication date: 2008

Print ISBN-13: 9780262232654

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262232654.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 June 2022

Output Growth and Trade Performance

Output Growth and Trade Performance

(p.101) 7 Output Growth and Trade Performance
Currency Boards in Retrospect and Prospect

Wolf Holger C.

Ghosh Atish R.

Berger Helge

Gulde Anne-Marie

The MIT Press

This chapter addresses three main questions. First, do currency boards result in slower output growth, controlling for other potential determinants? Second, does competitiveness and export performance suffer under currency boards? Third, does the adoption of a currency board arrangement (CBA) with the implied loss of the exchange rate as an adjustment tool lead to more volatile output growth? The evidence suggests a weak link between currency boards and growth performance. For upper-income countries, the growth rate does not appear to be robustly related to the exchange rate regime. For lower-income countries, there is an economically and statistically significant effect in favor of currency boards.

Keywords:   currency board arrangement, competitiveness, export performance, economic growth, exchange rate

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.