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Dependent Monetary Systems and Economic Development: The Case of Sterling East Africa

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Economic Development and Planning
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Abstract

The monetary systems of the former British territories have highly varied histories, but their fundamental features are the same. They have a common structural pattern because they all emerged from a larger currency and banking system of which the United Kingdom was the centre.

University of California at Berkeley. Aid from the Institute of International Studies, University of California, Berkeley, is gratefully acknowledged, particularly for the research assistance of K. Y. Amoako and Henri Vandendriessche. It is also a pleasure to acknowledge the intellectual stimulus and careful reading of this paper by the following friends and colleagues: Richard S. Eckaus, Howard S. Ellis, Robert A. Gordon, Sung Y. Kwack, Abba P. Lerner, Neil J. Smelser, Benjamin H.Ward and Paul Zarembka.

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Willy Sellekaerts

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© 1974 John Letiche

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Letiche, J.M. (1974). Dependent Monetary Systems and Economic Development: The Case of Sterling East Africa. In: Sellekaerts, W. (eds) Economic Development and Planning. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01933-5_9

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