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Argentina’s Currency Board

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Countries fare best with either a perfectly fixed or a completely floating exchange rate rather than a hybrid. Choosing the best arrangement for a particular country, however, is a difficult task. To gain insight into the decision, economists have been watching Argentina’s currency board, which began in 1991.

Suggested citation: "Argentina's Currency Board," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-02, pp. 09, 02.01.2001.

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