Currency Boards: A Comment
journal contributionposted 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.