Russian Currency and Finance - A Currency Board Approach to Reform (Hardcover, New)

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.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Release date:	October 1993
First published:	1993
Authors:	Steve H Hanke • Lars Jonung • Kurt Schuler
Dimensions:	234 x 156 x 14mm (L x W x T)
Format:	Hardcover
Pages:	240
Edition:	New
ISBN-13:	978-0-415-09651-5
Categories:	Books > Reference & Interdisciplinary > Interdisciplinary studies > General Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > International economics > International finance
LSN:	0-415-09651-0
Barcode:	9780415096515

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