Russian currency and finance : a currency board approach to reform /
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| Author / Creator: | Hanke, Steve H. |
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| Imprint: | London ; New York : Routledge, 1993. |
| Description: | 1 online resource (xvi, 222 pages) : illustrations |
| Language: | English |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11115494 |
| Summary: | 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.<br> 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. |
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| Physical Description: | 1 online resource (xvi, 222 pages) : illustrations |
| Bibliography: | Includes bibliographical references (pages 192-209) and index. |
| ISBN: | 0203980301 9780203980309 9780415096515 0415096510 1134863705 9781134863709 1280115807 9781280115806 9786610115808 661011580X |