Currency board or central bank? Lessons from the Irish Pound's link with Sterling, 1928-79

Article Abstract:

Adoption of a currency board is more appropriate in terms of monetary management than a central bank. Study of Irish pound's link with Sterling from 1928 to 1979 shows that a currency board is effective when it comes to management of currencies, especially with fixed parity. The currency board system's proves to be a contributing factor in creating financial and macroeconomic stability in a country. It also results in increased flow of dollars, called seigniorage, from foreign currency issuer to the currency board. The system, meanwhile, may not be applicable to other countries due to factors such as the type of a predominant trading partner of a country.

Currency Stabilization Programs, Analysis, Ireland, Economic policy, Currency stabilization

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Inflation, unemployment and the position of the central bank: the opinion of the public

Article Abstract:

Surveys conducted through telephones and face-to-face interviews examined the assumption that central bank's desirability and optimal monetary policy is influenced by public opinion. The survey over a number of Netherlands and Italian households showed central bank independence and future inflation estimates that are higher among people with higher education and lower for those with lower education. It also revealed a central bank that is more concern with unemployment and a government that is concern with inflation. The glaring result, however, is the public's lack of awareness about a trade-off between inflation and unemployment.

Domestic Monetary Policy, Public opinion

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Water Management, Middle East peace and a role for the World Bank

Article Abstract:

This paper discusses water interdependencies in the Middle East, the regional disputes over water, the limited contribution of international law, previous proposals on allocation of the few sources of water,and the role the World Bank can play in the present scenario.

Administration of Air and Water Resource and Solid Waste Management Programs, Middle East, Admin. of general economic programs, World Bank (IBRD), Water Resources & Power, Statistical Data Included, Negotiation, mediation and arbitration, World Bank, Natural resources, Resource allocation, Water conservation

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