Jamaica’s currency board, 1920-1961, and a comparison with its central bank

Eashan GUPTA, Matthew AURAN, Dylan FRANKENFIELD

Abstract


Abstract. We describe the history of Jamaica’s currency board system, which existed from 1920 to 1961; test how orthodox the currency board was; and compare some features of the currency board and the Jamaican economy during the currency board period to the Bank of Jamaica and to the Jamaican economy under central banking.

Keywords. Jamaica, Currency board, Central bank.

JEL. E52, N16.

Keywords


Jamaica; Currency board; Central bank.

Full Text:


References


Callender, C.V. (1965). The Development of the Capital Market Institutions of Jamaica. Mona: Institute of Social and Economic Research, University of the West Indies.

Chalmers, R. (1893) .A History of Currency in the British Colonies. London. Eyre and Spottiswoode.

Hanke, S.H. (2002). On dollarization and currency boards: Error and deception. Journal of Policy Reform, 5(4), 203-222. doi. 10.1080/1384128032000096814

Hanke, S.H. & Schuler, K. (1995). Alternative Monetary Regimes for Jamaica. Kingston: Private Sector Organisation of Jamaica.

Jamaica. Laws. Currency Notes Law, No. 2, 17, & 27, of 1904; Currency Notes Law, Nos. 9, 27 of 1937; Currency Notes Law, No. 9 of 1954; Currency Notes Law, No. 1 of 1956; Currency Notes Law, Nos. 1, 10 of 1958

Jamaica. (1839). Parliament of the United Kingdom.1839. Jamaica act of 1839.

Jamaica. (1958). Inter-Departmental Committee on the Establishment of a National Development Bank. 1958. Report of the Inter-Departmental Committee on the Establishment of a National Development Bank. Vol. III: The Bank of Jamaica. December. Typescript.

Krus, N., & Schuler, K. (2014). Currency Board Financial Statements. Center for Financial Stability. [Retrieved from].

Kenneth D.R. (1948). The recession of 1937-38. Journal of Political Economy, 56(3), 239–248. doi. 10.1086/256675

Towers, G.F. (1956). The Financial System and Institutions of Jamaica. Typescript.

World Bank, (International Bank for Reconstruction and Development). (1952). The Economic Development of Jamaica: Report by a Mission of the International Bank for Reconstruction and Development. Baltimore: Johns Hopkins University Press.




DOI: http://dx.doi.org/10.1453/jeb.v6i3.1932

Refbacks

  • There are currently no refbacks.


.......................................................................................................................................................................................................................................................................................................................................

Journal of Economics Bibliography - J. Econ. Bib.  - JEB - www.kspjournals.org

ISSN: 2149-2387.

Editor: jeb@ksplibrary.org  Secretarial: secretarial@ksplibrary.org  Istanbul - Turkey.

Copyright © KSP Library