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Russian Currency and Finance : A currency board approach to reform / Steve H. Hanke ; Lars Jonung and Kurt Schuler
Russian Currency and Finance : A currency board approach to reform / Steve H. Hanke ; Lars Jonung and Kurt Schuler
Autore HANKE, Steve H.
Pubbl/distr/stampa London, : Routledge, 1993
Descrizione fisica xvi, 222 p. ; 24 cm
Altri autori (Persone) SCHULER, Kurt
JONUNG, Lars
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione ita
Record Nr. UNICAS-RML0237875
HANKE, Steve H.  
London, : Routledge, 1993
Materiale a stampa
Lo trovi qui: Univ. di Cassino
Opac: Controlla la disponibilità qui
Russian currency and finance : a currency board approach to reform / / Steve H. Hanke, Lars Jonung, and Kurt Schuler
Russian currency and finance : a currency board approach to reform / / Steve H. Hanke, Lars Jonung, and Kurt Schuler
Autore Hanke Steve H.
Pubbl/distr/stampa London ; ; New York : , : Routledge, , 1993
Descrizione fisica 1 online resource (241 p.)
Disciplina 332.4/947
Altri autori (Persone) JonungLars
SchulerKurt <1960->
Soggetto topico Money - Russia (Federation)
Currency question - Russia (Federation)
Economic stabilization - Russia (Federation)
ISBN 1-134-86369-1
1-134-86370-5
1-280-11580-7
9786610115808
0-203-98030-1
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Title; Copyright; CONTENTS; About the authors; List of figures; List of tables; Preface; 1 THE CASE FOR A CURRENCY BOARD IN RUSSIA; Extreme inflation and monetary reform; Currency board versus central bank; A currency board as the key to economic reform in Russia; Outline of the remainder of this book; 2 THE CASE AGAINST THE CENTRAL BANK OF RUSSIA; The functions of money, and how well the rouble performs them; Stability and credibility; Credibility and exchange rates; Convertibility and foreign-exchange controls; Central banking and deficit finance
Political independence: an unattainable goalInadequate staff; Flexibility: a problem even in theory; The experience of Yugoslavia; 3 CENTRAL BANKING AND THE RUSSIAN MONETARY SYSTEM; The history of central banking in Russia; The government budget and extreme inflation; Enterprise arrears; Commercial banking; The payments system; lnterrepublican exchange; Foreign exchange; foreign debt; Russia and the IMF; 4 CURRENCY BOARDS, CENTRAL BANKS, AND THE MONEY SUPPLY PROCESS; The money supply process in a currency board system; The money supply process in a central banking system
Central banks that mimic currency boardsA brief history and assessment of currency boards; 5 HOW TO ESTABLISH A CURRENCY BOARD IN RUSSIA; How to convert the Central Bank of Russia into a currency board; The alternative: a parallel currency approach; How to establish the currency board as the issuer of a parallel currency; How to calculate the initial foreign reserves for the currency board; How to obtain the initial foreign reserves for the currency board; How to choose a reserve currency for the currency board; 6 HOW TO OPERATE AND PROTECT A CURRENCY BOARD IN RUSSIA
How to operate the currency boardHow to protect the currency board; How to change the reserve currency, if necessary; 7 THE CURRENCY BOARD AND REFORM OF THE RUSSIAN MONETARY SYSTEM; The government budget; Enterprise arrears and enterprise restructuring; Competition and regulation in commercial banking; Restructuring of bankrupt commercial banks; Interest rates; The payments system; Interrepublican exchange; foreign exchange; Foreign debt; Wages and prices; A stabilization crisis?; Indexation; 8 OBJECTIONS TO A CURRENCY BOARD IN RUSSIA; No lender of last resort
Is Russia too large for a currency board?Fixed versus floating exchange rates; Deflation; The inflation tax; The cost of reserves; Colonialism; Is Russia a quagmire?; Miscellaneous questions; Other alternatives to central banking; 9 TWO SUCCESSFUL RUSSIAN MONETARY REFORMS; The North Russian currency board, 1918-20; The chervonets, 1922-6; A comparison of the reforms; 10 CONCLUSION; Summary of proposals; APPENDIX A. A MODEL CONSTITUTION FOR A CURRENCY BOARD IN RUSSIA; APPENDIX B. MORE ABOUT THE MONEY SUPPLY PROCESS IN A CURRENCY BOARD SYSTEM; APPENDIX C. A LIST OF CURRENCY BOARD EPISODES
Notes
Record Nr. UNINA-9910782930303321
Hanke Steve H.  
London ; ; New York : , : Routledge, , 1993
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Russian currency and finance : a currency board approach to reform / / Steve H. Hanke, Lars Jonung, and Kurt Schuler
Russian currency and finance : a currency board approach to reform / / Steve H. Hanke, Lars Jonung, and Kurt Schuler
Autore Hanke Steve H.
Edizione [1st ed.]
Pubbl/distr/stampa London ; ; New York : , : Routledge, , 1993
Descrizione fisica 1 online resource (241 p.)
Disciplina 332.4/947
Altri autori (Persone) JonungLars
SchulerKurt <1960->
Soggetto topico Money - Russia (Federation)
Currency question - Russia (Federation)
Economic stabilization - Russia (Federation)
ISBN 1-134-86369-1
1-134-86370-5
1-280-11580-7
9786610115808
0-203-98030-1
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Title; Copyright; CONTENTS; About the authors; List of figures; List of tables; Preface; 1 THE CASE FOR A CURRENCY BOARD IN RUSSIA; Extreme inflation and monetary reform; Currency board versus central bank; A currency board as the key to economic reform in Russia; Outline of the remainder of this book; 2 THE CASE AGAINST THE CENTRAL BANK OF RUSSIA; The functions of money, and how well the rouble performs them; Stability and credibility; Credibility and exchange rates; Convertibility and foreign-exchange controls; Central banking and deficit finance
Political independence: an unattainable goalInadequate staff; Flexibility: a problem even in theory; The experience of Yugoslavia; 3 CENTRAL BANKING AND THE RUSSIAN MONETARY SYSTEM; The history of central banking in Russia; The government budget and extreme inflation; Enterprise arrears; Commercial banking; The payments system; lnterrepublican exchange; Foreign exchange; foreign debt; Russia and the IMF; 4 CURRENCY BOARDS, CENTRAL BANKS, AND THE MONEY SUPPLY PROCESS; The money supply process in a currency board system; The money supply process in a central banking system
Central banks that mimic currency boardsA brief history and assessment of currency boards; 5 HOW TO ESTABLISH A CURRENCY BOARD IN RUSSIA; How to convert the Central Bank of Russia into a currency board; The alternative: a parallel currency approach; How to establish the currency board as the issuer of a parallel currency; How to calculate the initial foreign reserves for the currency board; How to obtain the initial foreign reserves for the currency board; How to choose a reserve currency for the currency board; 6 HOW TO OPERATE AND PROTECT A CURRENCY BOARD IN RUSSIA
How to operate the currency boardHow to protect the currency board; How to change the reserve currency, if necessary; 7 THE CURRENCY BOARD AND REFORM OF THE RUSSIAN MONETARY SYSTEM; The government budget; Enterprise arrears and enterprise restructuring; Competition and regulation in commercial banking; Restructuring of bankrupt commercial banks; Interest rates; The payments system; Interrepublican exchange; foreign exchange; Foreign debt; Wages and prices; A stabilization crisis?; Indexation; 8 OBJECTIONS TO A CURRENCY BOARD IN RUSSIA; No lender of last resort
Is Russia too large for a currency board?Fixed versus floating exchange rates; Deflation; The inflation tax; The cost of reserves; Colonialism; Is Russia a quagmire?; Miscellaneous questions; Other alternatives to central banking; 9 TWO SUCCESSFUL RUSSIAN MONETARY REFORMS; The North Russian currency board, 1918-20; The chervonets, 1922-6; A comparison of the reforms; 10 CONCLUSION; Summary of proposals; APPENDIX A. A MODEL CONSTITUTION FOR A CURRENCY BOARD IN RUSSIA; APPENDIX B. MORE ABOUT THE MONEY SUPPLY PROCESS IN A CURRENCY BOARD SYSTEM; APPENDIX C. A LIST OF CURRENCY BOARD EPISODES
Notes
Record Nr. UNINA-9910818269303321
Hanke Steve H.  
London ; ; New York : , : Routledge, , 1993
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui