Russian Currency and Finance: A Currency Board Approach to Reform

Russian Currency and Finance: A Currency Board Approach to Reform

ID:40961044

大小:1.93 MB

页数:230页

时间:2019-08-12

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1、RUSSIANCURRENCYANDFINANCERUSSIANCURRENCYANDFINANCEAcurrencyboardapproachtoreformSteveH.Hanke,LarsJonung,andKurtSchulerLondonandNewYorkFirstpublished1993byRoutledge11NewFetterLane,LondonEC4P4EEThiseditionpublishedintheTaylor&Francise-Library,2005.“TopurchaseyourowncopyofthisoranyofT

2、aylor&FrancisorRoutledge’scollectionofthousandsofeBookspleasegotowww.eBookstore.tandf.co.uk.”SimultaneouslypublishedintheUSAandCanadabyRoutledge29West35thStreet,NewYork,NY10001©1993SteveH.Hanke,LarsJonungandKurtSchulerAllrightsreserved.Nopartofthisbookmaybereprintedorreproducedorut

3、ilizedinanyformorbyanyelectronic,mechanical,orothermeans,nowknownorhereafterinvented,includingphotocopyingandrecording,orinanyinformationstorageorretrievalsystem,withoutpermissioninwritingfromthepublishers.BritishLibraryCataloguinginPublicationDataAcataloguerecordforthisbookisavail

4、ablefromtheBritishLibraryISBN0-203-98030-1Mastere-bookISBNISBN0-415-09651-0(PrintEdition)LibraryofCongressCataloginginPublicationDataHanke,SteveH.Russiancurrencyandfinance:acurrencyboardapproachtoreform/SteveH.Hanke,LarsJonung,andKurtSchuler.p.cm.Includesbibliographicalreferencesan

5、dindex.ISBN0-415-09651-01.Money—Russia(Federation)2.Currencyquestion-Russia(Federation)3.Economicstabilization—Russia(Federation)I.Jonung,Lars.II.Schuler,Kurt.III.Title.HG1080.2.H341993332.4•947--dc2093–4355CIPCONTENTSAbouttheauthorsviiiListoffiguresixListoftablesxPrefacexi1THECASE

6、FORACURRENCYBOARDIN1RUSSIAExtremeinflationandmonetaryreform1Currencyboardversuscentralbank4Acurrencyboardasthekeytoeconomicreformin11RussiaOutlineoftheremainderofthisbook182THECASEAGAINSTTHECENTRALBANKOF20RUSSIAThefunctionsofmoney,andhowwelltherouble20performsthemStabilityandcredib

7、ility22Credibilityandexchangerates24Convertibilityandforeign-exchangecontrols29Centralbankinganddeficitfinance33Politicalindependence:anunattainablegoal34Inadequatestaff35Flexibility:aproblemevenintheory35TheexperienceofYugoslavia383CENTRALBANKINGANDTHERUSSIAN40MONETARYSYSTEMThehis

8、toryofcentralbankinginRuss

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