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Original Article

Ekonomik Yaklasim. 2000; 11(38): 85-111


English Title Not Available [Turkish Title: ARJANTİN\'DE PARA KURULU UYGULAMASININ YARATTIĞI SONUÇLAR]

Selahattin TOGAY, Salih BARIŞIK.

Abstract
A currency board, by removing -or at least severly limiting- the scope for discretionary credit policy, should result in even greater dicipline and confidence than simply pegging the exchange rate. Currency board in Argentian was introduced in 1991. Former austerity programs were all unsuccessful. This study deals with the question: how was it possible to go on with the currency board application in Argentina despite the 1994 crises?

Key words: na



Article Language: Turkish English


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