Russian Currency and Finance

Russian Currency and Finance

Author: Steve H. Hanke

Publisher: Routledge

Published: 2005-08-18

Total Pages: 260

ISBN-13: 1134863691

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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.


Money of the Russian Revolution

Money of the Russian Revolution

Author: Mikhail V. Khodjakov

Publisher: Cambridge Scholars Publishing

Published: 2014-11-19

Total Pages: 265

ISBN-13: 1443871478

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During the Russian Revolution and the ensuing Civil War, more than twenty thousand kinds of banknotes were used throughout the vast expanse of the former Russian Empire. At that time, money was issued not only by the official authorities, such as the Imperial Government, the Provisional Government, and, later, the Bolshevik Government, but also by Generals Denikin, Wrangel, and Yudenich, Admiral Kolchak, Atamans Semyonov and Petliura, Hetman Skoropadskyi, and many other great and small rulers of Russia. Russian money was manufactured in Great Britain, Germany, Sweden, and the United States. To some degree, money served as a manifesto of the issuing government, reflected in the various symbols depicted on the banknotes. Using new archival data, this book expands and, in a number of cases, revises the well-established view of the daily life of people during the Revolution, and dispels the settled myth about how the natural economy prevailed in the years of the Russian Civil War. The book presents unique illustrations taken from the author’s private collection: the “Romanov” banknotes; postage stamps used as currency; “Duma” money; and 1917 banknotes known as “kerenkies”, “morzhovkies”, “tchaikovkies”, “Northern rubles”, “krylatkies”, “rodzyankies”, “the Don rubles”, and “kolchakovkies”. Some of these banknote designs were made by well-known Russian artists, such as Ivan Bilibin, Sergey Chekhonin, and Georgy Narbut. The book is addressed to historians, economists, and all readers interested in Russian history and economy.


Bankers and Bolsheviks

Bankers and Bolsheviks

Author: Hassan Malik

Publisher: Princeton University Press

Published: 2020-05-26

Total Pages: 317

ISBN-13: 0691202222

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A must-read financial history for investors navigating today's volatile global markets Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the largest sovereign default in history. In Bankers and Bolsheviks, Hassan Malik tells the story of this boom and bust, chronicling the experiences of leading financiers of the day as they navigated one of the most lucrative yet challenging markets of the first modern age of globalization. He reveals how a complex web of factors—from government interventions to competitive dynamics and cultural influences—drove a large inflow of capital during this tumultuous period. This gripping book demonstrates how the realms of finance and politics—of bankers and Bolsheviks—grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.


Rubles to Dollars

Rubles to Dollars

Author: Alexander Elder

Publisher: Prentice Hall Press

Published: 1999

Total Pages: 296

ISBN-13:

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Combining an insider's knowledge with his unique Wall Street perspective, Elder provides a road map to Russia's exciting new investment frontier.


РОССИЙСКАЯ ВАЛЮТА И ФИНАНСЫ К РЕФОРМЕ - ЧЕРЕЗ ВАЛЮТНЫЙ ФОНД (Russian Currency and Finance

РОССИЙСКАЯ ВАЛЮТА И ФИНАНСЫ К РЕФОРМЕ - ЧЕРЕЗ ВАЛЮТНЫЙ ФОНД (Russian Currency and Finance

Author: Steve H. Hanke

Publisher:

Published: 2014

Total Pages: 181

ISBN-13:

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English Abstract: Russian Currency and Finance (1993) presents an alternative approach to monetary reform - the currency board system, such as exists in Hong Kong and Bulgaria. Under this system, the rouble would be linked to a stable foreign currency at a fixed exchange rate, providing a stable, fully convertible domestic currency for Russia. As this text illustrates, the currency board system is in fact well tested and has been used successfully before in Russia. This text also explains in detail how to establish and operate a currency board.


Russia After the Global Economic Crisis

Russia After the Global Economic Crisis

Author: Anders Åslund

Publisher: Columbia University Press

Published: 2010-06-15

Total Pages: 319

ISBN-13: 0881325147

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Russia After the Global Economic Crisis examines this important country after the financial crisis of 2007–09. The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions, the Peterson Institute for International Economics and the Center for Strategic and International Studies (CSIS), not only assesses Russia's international and domestic policy challenges but also provides an all-encompassing review of this important country's foreign and domestic issues. The authors consider foreign policy, Russia and its neighbors, climate change, Russia's role in the world, domestic politics, and corruption.