Argentina’s Currency Board
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.