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Monetary and fiscal policies in currency board systems and monetary unions
(2007)In my thesis, I analyze fiscal and monetary policies in currency board systems and monetary unions. Both systems have greatly gained in importance since the beginning of the 1990ies. Currency boards were successfully introduced to re-establish credibility during periods of hyperinflation or of economic transition. The importance of monetary unions is a consequence of the establishment of the Euro-currency area in 1999. In the first part ...Doctoral Thesis