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

  • John M. Letiche


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.


Monetary Policy Central Bank Banking System Monetary Authority Treasury Bill 
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Copyright information

© John Letiche 1974

Authors and Affiliations

  • John M. Letiche
    • 1
  1. 1.University of CaliforniaBerkeley

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