Extreme inflation has led to economic collapse and political chaos in contemporary Russia. This book presents a radical solution to this problem - a currency board system - with details of how to establish and operate such a system

Over the past decade and a half Axel Leijonhufvud has written extensively on monetary regimes and their connection to nominal and real economic performance. Monetary regimes are important because they determine whether countries follow stable or unstable monetary policies and hence have stable...