Sri Lanka monetary meltdown: Steve Hanke on currency boards and flawed pegs

Sri Lanka is now suffering the worst currency crisis in history of the island's soft-pegged central bank which was set up in 1950 abolishing a currency board, dooming the country into exchange and trade controls as well as trade and exchange controls.

Related Keywords

Japan ,Dubai ,Dubayy ,United Arab Emirates ,United States ,Hong Kong ,Argentina ,Washington ,China ,Russia ,Toronto ,Ontario ,Canada ,London ,City Of ,United Kingdom ,Pakistan ,Sri Lanka ,Montenegro ,Estonia ,Kuwait ,Ecuador ,Saudi Arabia ,Bulgaria ,Chile ,Lithuania ,Buenos Aires ,Distrito Federal ,Chicago ,Illinois ,America ,Sri Lankan ,Saudi ,Soviet ,Russian ,Bulgarian ,Estonian ,Lars Jonung ,John Greenwood ,Deutsche Mark ,Maggie Thatcher ,Robert Mundell ,Mundell Palazzo ,Chris Culp ,Petar Stoyanov ,Alan Walters ,Milton Friedman ,Steveh Hanke ,Kurt Schuler ,Johns Hopkins Institute For Applied Economics ,Johns Hopkins University ,Toronto Trust Argentina ,Central Bank ,Cato Institute ,Lehman Brothers ,Argentina Should Abolish Its Central Bank ,Friedberg Mercantile Group ,European Union ,Global Health ,Ronald Reagan Council Of Economic Advisers ,Institute At Johns Hopkins ,Applied Economics ,Troubled Currencies Project ,President Ronald Reagan ,Economic Advisers ,South America ,Prof Hanke ,President Menem ,Chicago Boys ,Banco Central ,Caja De Conversio ,Convertibility System ,Convertibility Law ,Wall Street Journal ,Argentina Should Abolish Its Central ,Russian Ruble ,Estonian Kroon ,President Petar Stoyanov ,Bulgarian Lev ,Dayton Peace ,Soviet Union ,World War ,Modern Monetary ,Chairman Emeritus ,Kuwait Dinar ,Saudi Riyal ,Monetary Reform ,Free Estonia ,Currency Board ,Professor Friedman ,Too Much Money Portends High Inflation ,New Inflation Stats Vindicate ,Bold Prediction ,Sir Alan ,Sir Alan Walters ,New Palgrave Dictionary ,Hong Kong For ,Nobel Laureate ,Johns Hopkins Institute ,United Arab ,