Ruble Convertibility, External and Internal Equilibrium, and Perestroyka PDF Download

Author: Jozef M. van Brabant
Publisher:
ISBN:
Category : Currency convertibility
Languages : en
Pages : 44

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Publisher: Hoover Press
ISBN: 9780817953638
Category :
Languages : en
Pages : 28

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Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Franklyn D. Holzman
Publisher:
ISBN:
Category : Currency convertibility
Languages : en
Pages : 94

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Author: Ekaterina Pravilova
Publisher: Oxford University Press
ISBN: 0197663710
Category :
Languages : en
Pages : 561

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A groundbreaking history of Russia, from empire to the Soviet era, viewed through the lens of its money. Money seems passive, a silent witness to the deeds and misdeeds of its holders, but through its history intimate dramas and grand historical processes can be told. So argues this sweeping narrative of the ruble's story from the time of Catherine the Great to Lenin. The Russian ruble did not enjoy a particularly reputable place among European currencies. Across two hundred years, long periods of financial turmoil were followed by energetic and pragmatic reforms that invariably ended with another collapse. Why did a country with an industrializing economy, solid private property rights, and (until 1918) a near perfect reputation as a rock-solid repayer of its debts stick for such a prolonged period with an inconvertible currency? Why did the Russian gold standard differ from the European model? In answering these questions, Ekaterina Pravilova argues that politics and culture must be considered alongside economic factors. The history of the Russian ruble offers an opportunity to explore the political reasons behind the preservation of a supposedly backward financial system and to show how politicians used monetary reforms to block or enact political transformations. The Ruble is a history of Russia written in the language of money. It shows how economists, landowners, merchants, and peasants understood, perceived, and used financial mechanisms. In her sweeping account, Pravilova interprets the well-known political events of the eighteenth to early twentieth centuries--wars, attempts at constitutional transformations, revolutions--through the ideas and politics of currency reforms and offers a new history of Russia's imperial expansion and collapse.

Author: Steve H. Hanke
Publisher: Routledge
ISBN: 1134863691
Category : Business & Economics
Languages : en
Pages : 260

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As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.

Author: Patrick J. Conway
Publisher: World Bank Publications
ISBN:
Category : Cash flow
Languages : en
Pages : 24

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Author: Rouben Indjikian
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 28

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Author: Renzo Daviddi
Publisher:
ISBN:
Category : Currency convertibility
Languages : en
Pages : 44

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Author: Eric A. Stubbs
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 7

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