Web Links_Ch09 - To learn about the essentials of a...

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To learn about the essentials of a currency board, see Kurt Schuler’s “Introduction to Currency Boards” at http://users.erols.com/kurrency/intro.htm. Which countries (or regions) maintain “more or less orthodox currency boards?” Got the data? Copy each worksheet into a single workbook by using Excel’s Edit/Move or Copy function (see dialog box below). You can use the pull-down under “To book:” to either select another open workbook or create a new one. It’s a good idea to check the “Create a copy” box. Once you have all the data in the same workbook, click the tab for the money supply data, click the top of column D to select it, and click Insert/Column. Do the same thing for what is now column F. You should have blank columns to the right of M2 and M1. Calculate the annualized monthly growth rate of each value. If you’re not familiar with Excel, do this: Click D9 (which should be empty), they type =12*(C9/C8-1) and press enter. You should see the number -0.0306.
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