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...
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choi...
The Bretton Woods Transcripts, edited by Center for Financial Stability Senior Fellow Kurt Schuler and Research Associate Andrew Rosenberg, offer a front row seat at the conference that shaped the international monetary system for nearly 70 years. The Bretton Woods transcripts were never intended for publication, and give an inside perspective of what participants at this major international gathering said behind closed doors.
Schuler and Rosenberg spent more than a year carefully and skillfully editing never before published transcripts as well as creating summaries of meetings and...
The Bretton Woods Transcripts, edited by Center for Financial Stability Senior Fellow Kurt Schuler and Research Associate Andrew Rosenberg, offer a...
