МОНЕТАРЕН СУВЕРЕНИТЕТ И ИКОНОМИЧЕСКО РАЗВИТИЕ
Monetary sovereignty and economic development

Summary/Abstract: From the point of view of the rapid extending globalization, the national money systems and their interaction raise exceptionally significant questions. Their solution should be reached by the way of monetary sovereignty, currency boards, official and unofficial currency substitution or by the establishment of new global currency. The study investigates the general impact of the monetary sovereignty on the economic development. The accent is focused upon clarification of the monetary sovereignty, causes that urge nations toward monetary sovereignty or to reject it. The study also examines the economic development of nations under different currency systems: monetary sovereignty with powerful Central bank, currency boards and official currency substitution.

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