IDEAS home Printed from https://ideas.repec.org/p/ris/jhisae/0125.html
   My bibliography  Save this paper

Was the Cassa per la Circolazione Monetaria della Somalia an Orthodox Currency Board?

Author

Listed:
  • Naparst, Noah

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

We provide the first spreadsheet data series for the Cassa per la Circolazione Monetaria della Somalia (loosely translated, Somalia Currency Office), which operated in what is now southern Somalia from 1950-1960, and examine the extent to which it operated as an orthodox currency board. The paper makes the annual balance sheets and income statements of the currency board digitally available and translated into English for the first time. These are included in the companion spreadsheet workbook, along with a summary of legislation related to the Cassa and history of the territory, which are contained in the appendices.

Suggested Citation

  • Naparst, Noah, 2018. "Was the Cassa per la Circolazione Monetaria della Somalia an Orthodox Currency Board?," Studies in Applied Economics 125, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0125
    as

    Download full text from publisher

    File URL: https://sites.krieger.jhu.edu/iae/files/2020/01/Was-the-Cassa-per-la-Circolazione-Monetaria-della-Somalia-an-Orthodox-Currency-Board_.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donatella Strangio, 2012. "The Reasons for Underdevelopment," Contributions to Economics, Springer, number 978-3-7908-2778-1, September.
    2. Steve H. Hanke, 2008. "Friedman: Float or Fix?," Cato Journal, Cato Journal, Cato Institute, vol. 28(2), pages 275-285, Winter.
    3. Krus, Nicholas & Schuler, Kurt, 2014. "Currency Board Financial Statements," Studies in Applied Economics 22, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nguyen, Huong & Susilo, Jonathan & Varier, Dominique, 2020. "A Comprehensive Overview Of Past Currency Board Constitutions," Studies in Applied Economics 168, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gupta, Eashan & Auran, Matthew & Frankenfield, Dylan, 2019. "Jamaica'S Currency Board, 1920-1961, And A Comparison With Its Central Bank," Studies in Applied Economics 136, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Alberto Behar & Armand Fouejieu, 2018. "External adjustment in oil exporters: The role of fiscal policy and the exchange rate," The World Economy, Wiley Blackwell, vol. 41(3), pages 926-957, March.
    3. Krus, Nicholas, 2012. "The Money Supply in Currency Boards," Studies in Applied Economics 3, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    4. Dellas, Harris & Tavlas, George S., 2009. "An optimum-currency-area odyssey," Journal of International Money and Finance, Elsevier, vol. 28(7), pages 1117-1137, November.
    5. Freedman, Ryan, 2017. "Did the Philippine Islands Have a Currency Board during the American Colonization Period?," Studies in Applied Economics 92, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    6. Tara Iyer, 2016. "Optimal Monetary Policy in an Open Emerging Market Economy," Working Paper Series WP-2016-6, Federal Reserve Bank of Chicago.
    7. Licursi, Marissa, 2016. "Before Entering the East African Currency Board: The Case of Zanzibar (1908 – 1935)," Studies in Applied Economics 44, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    8. Bogdan Căpraru & Iulian Ihnatov, 2011. "The Effect Of Exchange Rate Arrangements On Transmission Of Interest Rates And Monetary Policy Independence: Evidence From A Group Of New Eu Member Countries "," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 71-81, november.
    9. Emilio Ocampo, 2022. "Milton Friedman: An Early Advocate of Dollarization?," CEMA Working Papers: Serie Documentos de Trabajo. 836, Universidad del CEMA.
    10. Wessells, Preston, 2016. "Currency Board Monetary System: The Case of British Honduras (1894-1976)," Studies in Applied Economics 60, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

    More about this item

    Keywords

    Somalia; Italian Somaliland; currency board; monetary policy;
    All these keywords.

    JEL classification:

    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

    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:ris:jhisae:0125. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Steve H. Hanke (email available below). General contact details of provider: https://edirc.repec.org/data/iaejhus.html .

    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.