The Currency Board Monetary System – The Case of Malta (1939-1968)

Lily Zhu
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Lily Zhu: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 25, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: We provide the first spreadsheet data series and legislative history of note issue by the Maltese Treasury, later Commissioners of Currency (1939H1968) and examine to what extent it operated like a currency board, using statistical tests based on its annual balance sheet and the currency note income account. The paper makes the annual balance sheet and currency note income account data available in machine-readable form for the first time, in a companion spreadsheet workbook, and likewise for the first time offers a through summary of legislation related to the note issue.

Keywords: Malta; currency board (search for similar items in EconPapers)
JEL-codes: N14 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2015-01
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