Control of Inflation by Means of a Currency Board Has

question 36

Multiple Choice

Control of inflation by means of a currency board has

• A) worked quite well both in Argentina and Hong Kong.
• B) worked well in Hong Kong, but had to be abandoned by Argentina in 2002.
• C) worked well in Argentina, but had to be abandoned by Hong Kong in 1999.
• D) failed in Argentina in 1999 and failed in Hong Kong in 2002.
• E) rapid concerns about the viability of inflation targeting over targeting monetary aggregates.

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