Keynes's Russian Currency Board

S. H. Hanke and A. A. Walters (eds.), Capital Markets and Development. San Francisco: Institute for Contemporary Studies Press, 1991

15 Pages Posted: 25 Jan 2013

See all articles by Steve H. Hanke

Steve H. Hanke

Johns Hopkins University - Department of Economics

Kurt Schuler

Center for Financial Stability

Date Written: 1991

Abstract

For an economy to function well, it needs a currency that people can use to purchase a wide variety of goods and services, that is readily convertible into foreign exchange, and that is a reliable store of value. The currencies of most less-developed countries, as well as those of the Soviet Union and the newly democratizing nations of Eastern Europe, do not possess these qualities. Unless successful currency reforms can be implemented, these nations will not be able to sustain economic progress.

Keywords: Hanke, Schuler, Capital Markets Developments, Keynes Currency Board Russia, Russian

Suggested Citation

Hanke, Steve H. and Schuler, Kurt, Keynes's Russian Currency Board (1991). S. H. Hanke and A. A. Walters (eds.), Capital Markets and Development. San Francisco: Institute for Contemporary Studies Press, 1991. Available at SSRN: https://ssrn.com/abstract=2206447

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

Kurt Schuler

Center for Financial Stability ( email )

New York, NY
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
66
Abstract Views
857
rank
335,703
PlumX Metrics