A01=Kurt Schuler
A01=Lars Jonung
A01=Steve H. Hanke
Author_Kurt Schuler
Author_Lars Jonung
Author_Steve H. Hanke
banking
board
Category=GTM
Category=KCL
Category=KCM
central
Central Banking
central banking alternatives
Common Currency Zone
Currency Board
Currency Board Notes
Currency Board System
Current Account Balance
economic stabilisation strategies
Eliminate Exchange Risk
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
exchange
extreme
Extreme Inflation
Federal Reserve
Federal Reserve System
financial system reform
fixed
Foreign Commercial Banks
Full Fledged Market Economy
Hard Budget Constraints
inflation
international reserves management
monetary policy transition
Moscow Interbank Currency Exchange
Parallel Currency
Parallel Currency Approach
pegged
Pegged Exchange Rate
post-Soviet economics
rate
Reserve Country
Rouble Notes
Russian Commercial Banks
Russian monetary reform implementation
Russian Monetary System
State Commercial Banks
system
Typical Central Bank
Typical Currency Board
West African Currency Board
Product details
- ISBN 9780415096515
- Weight: 476g
- Dimensions: 156 x 234mm
- Publication Date: 14 Oct 1993
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency.
Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.
Hanke, Steve H.; Jonung, Lars; Schuler, Kurt
