Keynes's Russian Currency Board
Year: 1991
Type: preprint
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.
Source: SSRN Electronic Journal
Authors: Steve H. Hanke, Kurt Schuler
Institution: Johns Hopkins University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2229744640