Les deux générations de Currency Boards. Intégration monétaire coloniale vs. crédibilité monétaire

Jean-François Ponsot
Additional contact information
Jean-François Ponsot: UGA UFR FEG - Université Grenoble Alpes - Faculté d'Économie de Grenoble - UGA - Université Grenoble Alpes, PACTE - Pacte, Laboratoire de sciences sociales - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes - IEPG - Sciences Po Grenoble-UGA - Institut d'études politiques de Grenoble - UGA - Université Grenoble Alpes

Post-Print from HAL

Abstract: Colonial currency boards and those that emerged in some emerging economies at the end of the 20th century have a common purpose to guarantee stability and monetary convertibility. This objective nevertheless responds to very different imperatives according to the periods. The first generation of Currency Boards were designed to reinforce the sterling area's homogenisation and the integration of the colonies into the British empire in order to consolidate the colonization dynamic. The second generation of Currency Boards aimed to establish the monetary credibility required by the dynamics of international integration for emerging economies, in a context of globalised finance. The heavy constraints associated with this monetary regime sometimes generate credibility problems and raise the question of the sustainability of this monetary regime.

Keywords: Currency Boards; Colonial currency; Monetary integration; Credibility; Sterling area; Monnaie coloniale; Intégration monétaire; Crédibilité; Zone sterling (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Published in Revue d'histoire de la pensée économique, 2025, 19, pp.225-247. ⟨10.48611/isbn.978-2-406-18601-4.p.0225⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05387612

DOI: 10.48611/isbn.978-2-406-18601-4.p.0225

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().