01648cas a2200241 a 4500 AALejournalIMF000539 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451927955 1018-5941 BD-DhAAL BD-DhAAL Ghosh, Atish. Currency Boards : The Ultimate Fix? / Atish Ghosh. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The growing integration of world capital markets has made it fashionable to argue that only extreme exchange rate regimes are sustainable. Short of adopting a common currency, currency board arrangements represent the most extreme form of exchange rate peg. This paper compares the macroeconomic performance of countries with currency boards to those with other forms of pegged exchange rate regime. Currency boards are indeed associated with better inflation performance, even allowing for potential endogeneity of the choice of regime. Perhaps more surprisingly, this better inflation performance is accompanied by higher output growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/008 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/008/001.1998.issue-008-en.xml IMF e-Library