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Currency Boards: A Comment

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journal contribution
posted on 2011-10-18, 00:00 authored by Allan MeltzerAllan Meltzer

Steve Hanke and Kurt Schuler have written another interesting paper on currency boards. I agree with most of what they say. Like them I believe that, currently, a currency board would be a better foundation for the monetary system of Russia and other former Soviet states than a central bank, commodity money, or free banking.


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