International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 10.4, Problem 3QS4
Summary Introduction

To Determine:

For what a currency board is a monetary regime based on an explicit commitment to exchange domestic currency.

Introduction:

In the currency board, the management of the money supply and the exchange rate are taken away from the central bank, as is the extreme form of a pegged exchange rate.

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