Governments and money
Article Abstract:
Currency boards, competitive money and central bank independence could be among those mechanisms that governments can use to fulfill its obligation of stabilizing its currency. These mechanisms are interrelated. Argentina was highly motivated to retain its currency board because the country would have shifted to dollars had the board been dropped. There is a big chance that a nation's ability to freely print money may be disciplined by the same competition that has served market economies well.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 1995
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Private forecasting and government policy stability
Article Abstract:
Forecasting and policy making are essential for governments, and stable exchange rates are necessary for the formulation of government policies. Governmental forecasting differs from private sector forecasting as governments deal with issues such as spending, taxing, open-market operations, reserve requirements, wages, price, credit, capital and balance of payments, while private-sector forecasting deals with identifying the possible governmental action and their consequences.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 1992
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The evolving global monetary order
Article Abstract:
International monetary competition is preferable to redesigning a Bretton Woods system. No group of expert government planners is capable of creating a global monetary order that can perfectly control the money supply in an uncertain world.
Publication Name: The Cato Journal
Subject: Political science
ISSN: 0273-3072
Year: 2000
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