Social Sciences
6 years ago

Soviet Union's 1947 Monetary Reform Falls Short of Global Currency Vision.

Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
Foreign Policy Reasons and Economic Effect of the 1947 Monetary Reform in the USSR
Yu. A. Kropin

Paper Summary

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The Soviet Union conducted a monetary reform in 1947 to strengthen its economic system and potentially create a new global currency system. Despite efforts, the reform did not significantly improve economic efficiency or establish the intended global currency system. The study used surveys and discussions to reach these conclusions.