Currency boards: their past, present, and possible future role
The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at lea...
Ausführliche Beschreibung
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Englisch |
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1993 |
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Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 |
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Übergeordnetes Werk: |
in: Carnegie-Rochester Conference Series on Public Policy - Amsterdam : Elsevier, 39(1993), Seite 147-187 |
Übergeordnetes Werk: |
volume:39 ; year:1993 ; pages:147-187 |
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(DE-627)NLEJ17665402X (DE-599)GBVNLZ17665402X DE-627 ger DE-627 rakwb eng Currency boards: their past, present, and possible future role 1993 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 Schwartz, A.J. oth in Carnegie-Rochester Conference Series on Public Policy Amsterdam : Elsevier 39(1993), Seite 147-187 (DE-627)NLEJ176653678 (DE-600)2013618-3 0167-2231 nnns volume:39 year:1993 pages:147-187 http://linkinghub.elsevier.com/retrieve/pii/0167-2231(93)90007-J GBV_USEFLAG_H ZDB-1-SDJ GBV_NL_ARTICLE AR 39 1993 147-187 |
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(DE-627)NLEJ17665402X (DE-599)GBVNLZ17665402X DE-627 ger DE-627 rakwb eng Currency boards: their past, present, and possible future role 1993 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 Schwartz, A.J. oth in Carnegie-Rochester Conference Series on Public Policy Amsterdam : Elsevier 39(1993), Seite 147-187 (DE-627)NLEJ176653678 (DE-600)2013618-3 0167-2231 nnns volume:39 year:1993 pages:147-187 http://linkinghub.elsevier.com/retrieve/pii/0167-2231(93)90007-J GBV_USEFLAG_H ZDB-1-SDJ GBV_NL_ARTICLE AR 39 1993 147-187 |
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(DE-627)NLEJ17665402X (DE-599)GBVNLZ17665402X DE-627 ger DE-627 rakwb eng Currency boards: their past, present, and possible future role 1993 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 Schwartz, A.J. oth in Carnegie-Rochester Conference Series on Public Policy Amsterdam : Elsevier 39(1993), Seite 147-187 (DE-627)NLEJ176653678 (DE-600)2013618-3 0167-2231 nnns volume:39 year:1993 pages:147-187 http://linkinghub.elsevier.com/retrieve/pii/0167-2231(93)90007-J GBV_USEFLAG_H ZDB-1-SDJ GBV_NL_ARTICLE AR 39 1993 147-187 |
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(DE-627)NLEJ17665402X (DE-599)GBVNLZ17665402X DE-627 ger DE-627 rakwb eng Currency boards: their past, present, and possible future role 1993 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 Schwartz, A.J. oth in Carnegie-Rochester Conference Series on Public Policy Amsterdam : Elsevier 39(1993), Seite 147-187 (DE-627)NLEJ176653678 (DE-600)2013618-3 0167-2231 nnns volume:39 year:1993 pages:147-187 http://linkinghub.elsevier.com/retrieve/pii/0167-2231(93)90007-J GBV_USEFLAG_H ZDB-1-SDJ GBV_NL_ARTICLE AR 39 1993 147-187 |
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(DE-627)NLEJ17665402X (DE-599)GBVNLZ17665402X DE-627 ger DE-627 rakwb eng Currency boards: their past, present, and possible future role 1993 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 Schwartz, A.J. oth in Carnegie-Rochester Conference Series on Public Policy Amsterdam : Elsevier 39(1993), Seite 147-187 (DE-627)NLEJ176653678 (DE-600)2013618-3 0167-2231 nnns volume:39 year:1993 pages:147-187 http://linkinghub.elsevier.com/retrieve/pii/0167-2231(93)90007-J GBV_USEFLAG_H ZDB-1-SDJ GBV_NL_ARTICLE AR 39 1993 147-187 |
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The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. |
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The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. |
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The distinctive features of currency boards that were first established in British colonies in the second half of the nineteenth century included their issue of local coin and notes at a fixed exchange rate with a foreign money, usually British sterling. Currency boards held reserves equal to at least 100 percent of their currency liabilities, some in the form of interest-bearing assets denominated in the foreign money, on which they earned seigniorage. The currency-board system was adopted in many colonies and some noncolonial territories during this century until post-World War II decades, when newly independent countries replaced the system with central banks. Hong kong and Singapore were exceptions. This paper offers possible reasons for these developments and discusses the recent interest in establishing currency boards in the former Soviet Union. |
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