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.
Correct Answer:
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