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Monetary developments and decolonization in Ethiopia

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  • Arnaldo MAURI

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Abstract

The article analyses the reorganization process of the monetary setting in Ethiopia started in 1941 along with decolonization, when the Italian colonial rule came to an end. The country regained independence and the former Ethiopian empire was restored. The monetary reform in Ethiopia after liberation during World War II was a necessary measure to be adopted. Different paths however could have been followed at that moment by the Ethiopian government. The crucial choice made in money matter was to re-establish a national monetary unit instead of keeping the country inside the East African shilling area, as it was envisaged in British designs for the post-war setting of the Horn of Africa. The Ethiopian project unpredictably prevailed at the end of a weary negotiation, thanks chiefly to American support in the framework of a new role gained by the United States in this area. The Ethiopian Authorities were, as a consequence, enabled to free themselves from dependence on Great Britain and this event marked a crucial step in the advancement of the decolonisation proce

Suggested Citation

  • Arnaldo MAURI, 2010. "Monetary developments and decolonization in Ethiopia," Departmental Working Papers 2010-15, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2010-15
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    File URL: http://wp.demm.unimi.it/files/wp/2010/DEMM-2010_015wp.pdf
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    References listed on IDEAS

    as
    1. Adrian E. Tschoegl, 2001. "Maria Theresa's Thaler: A Case of International Money," Eastern Economic Journal, Eastern Economic Association, vol. 27(4), pages 443-462, Fall.
    2. Arnaldo MAURI, 2008. "The re-establishment of the Ethiopia’s monetary and banking systems," Departmental Working Papers 2008-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Rena, Ravinder, 2006. "Historical Development of Money and Banking in Eritrea from the Axumite Kingdom to the Present," MPRA Paper 12423, University Library of Munich, Germany, revised 17 Nov 2006.
    4. Arnaldo Mauri, 2003. "Origins and early development of banking in Ethiopia," Departmental Working Papers 2003-04, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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    More about this item

    Keywords

    Ethiopia; History of Money in Africa; Monetary Reform;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania

    Lists

    This item is featured on the following reading lists or Wikipedia pages:
    1. Diskussion:Geschichte Äthiopiens in Wikipedia German ne '')
    2. Storia d'Etiopia in Wikipedia Italian ne '')
    3. Histoire de l'Éthiopie in Wikipedia French ne '')
    4. Etiopia in Wikipedia Italian ne '')
    5. Utente:Dans/Storia d'Etiopia in Wikipedia Italian ne '')

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