IDEAS home Printed from https://ideas.repec.org/h/pal/palscp/978-3-030-33857-2_3.html
   My bibliography  Save this book chapter

The Difficulties in Launching the Escudo Monetary Zone

In: The Portuguese Escudo Monetary Zone

Author

Listed:
  • Maria Eugénia Mata

    (Universidade Nova de Lisboa)

Abstract

There were great difficulties in the Foreign Exchange Management Funds of some of the colonial territories of the Escudo Monetary Zone to keep the inter-territorial payments system at work. The need for capital to establish the Escudo Monetary Zone Fund was a first step, followed by the definition of administrative proceedings and the implementation of accurate statistical information on the economic and financial operations of the territories of the Escudo Monetary Zone (amongst them and with the rest of the World). The two issuing banks for the colonies, Banco de Angola and Banco Nacional Ultramarino (BNU) were to obey the central bank credit policy for the entire system. Unbalanced relationships with the Metropolis did occur. Delays for transfers to the Metropolis had a political dimension because of the ongoing terrorism and guerrilla activities of local military movements in Guiné, Angola, and Moçambique, seeking the independence of the colonies.

Suggested Citation

  • Maria Eugénia Mata, 2020. "The Difficulties in Launching the Escudo Monetary Zone," Palgrave Studies in Economic History, in: The Portuguese Escudo Monetary Zone, chapter 0, pages 25-49, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-33857-2_3
    DOI: 10.1007/978-3-030-33857-2_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palscp:978-3-030-33857-2_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.