01865cas a2200265 a 4500 AALejournalIMF001122 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974928 1934-7456 BD-DhAAL BD-DhAAL Gulde, Anne. Pros and Cons of Currency Board Arrangements in the Lead-Up to EU Accession and Participation in the Euro Zone / Anne Gulde, Juha Kahkonen, Peter Keller. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (26 pages) IMF Policy Discussion 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 Historically, countries with currency board arrangements (CBAs) have experienced lower inflation and higher growth than those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria) have also been generally favorable. Can CBAs serve these transition countries well all the way up to the adoption of the euro? After considering the pros and cons, this paper provides an affirmative answer, but notes that to preserve the viability of their CBAs throughout the process, these countries need to maintain strict policy discipline and be prepared to deal with large capital inflows and asymmetric shocks. Mode of access: Internet Kahkonen, Juha. Keller, Peter. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2000/001 Full text available on IMF http://elibrary.imf.org/view/journals/003/2000/001/003.2000.issue-001-en.xml IMF e-Library