Monetary Sovereignty and Economic Development

Assen Radev

Economic Studies journal, 2003, issue 1, 130-149

Abstract: From the point of view of the rapid extending globalization the national money systems and their interaction rise exceptionally significant questions. Their solution should be reached by the way of monetary sovereignty, currency boards, official and unofficial currency substitution or by the establishment of new global currency. The study investigates the general impact of the monetary sovereignty on the economic development. The accent is focused upon clarification of the monetary sovereignty, courses that urge nations toward monetary sovereignty or to reject it. The study also examines the economic development of nations under different currency systems: monetary sovereignty with powerful Central bank, currency boards and official currency substitution.

JEL-codes: E42 O42 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2003:i:1:p:130-149

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