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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
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    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
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    References listed on IDEAS

    as
    1. Donatella Strangio, 2012. "The Reasons for Underdevelopment," Contributions to Economics, Springer, number 978-3-7908-2778-1, October.
    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)

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    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.

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    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

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