An Analysis of Seychelles’ Currency Board (1914-1978)

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

No 46, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: We examine to what extent Seychelles’ monetary system operated as a currency board system from 1914 to 1978 (before the establishment of the Seychelles Monetary Authority, now the Central Bank of Seychelles). We use statistical tests based on balance sheet data and analysis of legislation. We then analyze some measures of economic performance in Seychelles to address some common criticisms of currency boards. We also provide the spreadsheet data series and legislative history of note issue by the Seychelles Currency Board during the period. This includes a companion workbook, which makes the balance sheet data available in machine-readable form for the first time

Keywords: Seychelles; currency board (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0046

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