The monetary mechanism of stateless Somalia

B-Tier
Journal: Public Choice
Year: 2015
Volume: 165
Issue: 1
Pages: 45-58

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A peculiar monetary institution emerged during the period of interregnum in Somalia from January 1991 to August 2012. Without a functioning government to restrict the supply of notes in circulation, Somalis found it profitable to contract with foreign printers and import forgeries. The exchange value of the largest denomination Somali shillings note fell from US $0.30 in 1991 to US $0.03 in 2008. However, the purchasing power eventually stabilized at the cost of producing additional notes. Copyright Springer Science+Business Media New York 2015

Technical Details

RePEc Handle
repec:kap:pubcho:v:165:y:2015:i:1:p:45-58
Journal Field
Public
Author Count
1
Added to Database
2026-01-25