Optimality of Morocco’s Currency Basket

Building a Simulation Model of the Currency Basket Peg System

This paper presents a institutional framework for the currency basket peg system. After the Asian currency crisis, the needs of seeking adaptive currency system has risen up but the best currency system has not still appeared. In this paper, we propose the model of “the currency basket peg system”. This model realize the currency basket peg system on the computer. With using it, we investigate ...

Progress toward a Common Currency Basket System in East Asia

♣ The authors are grateful to Doo Yong Yang, and participants in the 5th APEF International Conference on 5-6 July 2006 at Kangwon National University, Korea for their useful comments and suggestions. RIETI Discussion Papers Series aims at widely disseminating research results in the form of professional papers, thereby stimulating lively discussion. The views expressed in the papers are solely...

The optimality of inflation in ‘pure currency’ economies: a conjecture

The term pure currency means an economy of people whose histories are private and who, therefore, cannot be punished individually in the future for current actions. In many economies of that kind, any trade requires the use of outside money and taxation is not feasible. The conjecture is for economies of that kind in which there are extensive margins that play a role. For such economies, the co...

Currency Equivalent Currency

specialist microfinance institutions (MFIs). The Central Bank of Sri Lanka (CBSL) has traditionally pursued an active "developmental" role in the microfinance sector, although this has been changing. It should further reduce its developmental activities by diluting its ownership of regional development banks and taking a less hands-on role in project implementation. Conversely, it would be appr...

The Currency Board Arrangement in Hong Kong, China Viability and Optimality Through the Crisis