Inflation And Monetary Reform

Author : Pierre-Richard Agénor,Ms.Anna Lennblad
Publisher : International Monetary Fund
Page : 34 pages
File Size : 51,7 Mb
Release : 1992-08-01
Category : Business & Economics
ISBN : 9781451965315

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Inflation and Monetary Reform by Pierre-Richard Agénor,Ms.Anna Lennblad Pdf

The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial “excess” stock of liquidity. The paper examines the anticipatory dynamics associated with such reforms. The analysis suggests that monetary reforms of this type have a deflationary effect upon announcement as well as during the transition period. Under uncertainty about the reform date, the direction of the initial jump in prices upon announcement is a priori ambiguous. Upon implementation, a monetary reform leads to a downward jump in prices.

Author : Pierre-Richard Agenor
Publisher : Unknown
Page : 34 pages
File Size : 48,9 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291212380

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Inflation and Monetary Reform by Pierre-Richard Agenor Pdf

The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial quot;excessquot; stock of liquidity. The paper examines the anticipatory dynamics associated with such reforms. The analysis suggests that monetary reforms of this type have a deflationary effect upon announcement as well as during the transition period. Under uncertainty about the reform date, the direction of the initial jump in prices upon announcement is a priori ambiguous. Upon implementation, a monetary reform leads to a downward jump in prices.

Author : Robert Z. Aliber
Publisher : Sage Publications (CA)
Page : 96 pages
File Size : 53,8 Mb
Release : 1973
Category : Business & Economics
ISBN : UCAL:B4432962

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Monetary Reform and World Inflation by Robert Z. Aliber Pdf

Author : John Maynard Keynes
Publisher : BoD – Books on Demand
Page : 250 pages
File Size : 51,5 Mb
Release : 2023-10-05
Category : Fiction
ISBN : 9783387096712

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A Tract on Monetary Reform by John Maynard Keynes Pdf

Reproduction of the original. The publishing house Megali specialises in reproducing historical works in large print to make reading easier for people with impaired vision.

Author : John Maynard Keynes
Publisher : BoD – Books on Demand
Page : 130 pages
File Size : 43,9 Mb
Release : 2023-09-11
Category : Fiction
ISBN : 9783368930462

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A Tract on Monetary Reform by John Maynard Keynes Pdf

Reproduction of the original.

Author : Thomas D. Willett
Publisher : Duke University Press
Page : 554 pages
File Size : 54,8 Mb
Release : 1988
Category : Business & Economics
ISBN : 0822308428

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Political Business Cycles by Thomas D. Willett Pdf

"A Pacific Research Institute for Public Policy book." Includes bibliographies and index.

Author : John Maynard Keynes
Publisher : Unknown
Page : 276 pages
File Size : 54,7 Mb
Release : 1924
Category : Currency question
ISBN : UOM:39015020847722

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Monetary Reform by John Maynard Keynes Pdf

Author : Barry N. Siegel
Publisher : San Francisco, Calif. : Pacific Institute for Public Policy Research ; Cambridge, Mass. : Ballinger Publishing Company
Page : 400 pages
File Size : 54,9 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105039735902

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Money in Crisis by Barry N. Siegel Pdf

Author : Margrit Kennedy
Publisher : Stranger Journalism
Page : 57 pages
File Size : 55,7 Mb
Release : 1995
Category : Business & Economics
ISBN : 9780964302501

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Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth by Margrit Kennedy Pdf

Publisher: Inbook; Rev Sub edition (March 1995)Language: EnglishISBN-10: 0964302500ISBN-13: 978-0964302501

Author : Constantino Bresciani-Turroni
Publisher : Routledge
Page : 467 pages
File Size : 54,7 Mb
Release : 2013-05-13
Category : Business & Economics
ISBN : 9781135033224

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The Economics of Inflation by Constantino Bresciani-Turroni Pdf

The Economics of Inflation provides a comprehensive analysis of economic conditions in Germany under the Great Inflation and discusses inflationary conditions in general. The analysis is supported by extensive statistical material. * For this translation the author thoroughly revised the original work * Includes an appendix on German economic conditions in the years following the monetary reform, 1923-24

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 174 pages
File Size : 49,7 Mb
Release : 1998-11-20
Category : Business & Economics
ISBN : 1557757321

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Australia by International Monetary Fund Pdf

Australia's recent economic performance has been impressive. It has experienced steady growth since the early 1990s and inflation has averaged just 2 percent over the same period. This strong showing marks a departure from the performance of the postwar years, when falling productivity and rising inflation caused Australia's per capita income to slip from one of the highest among OECD countries to merely average. This economic turnaround is explored in this book edited by Anoop Singh, Josh Felman, Ray Brooks, Tim Callen, and Christian Thimann of the Asia and Pacific Department.

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 53,8 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author : Mr.Pierre L. Siklos
Publisher : International Monetary Fund
Page : 36 pages
File Size : 51,8 Mb
Release : 1994-05
Category : Business & Economics
ISBN : UCSD:31822018776757

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Varieties of Monetary Reforms by Mr.Pierre L. Siklos Pdf

This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on economic considerations but also on political economy considerations. In economic terms, the choice of monetary regime will depend on the policy that is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will ultimately depend on how independent a country wishes to be from shocks emanating from the rest of the world and the weight politicians attach to influencing economic conditions in their own country.

Author : John B. Taylor
Publisher : MIT Press
Page : 153 pages
File Size : 41,9 Mb
Release : 2019-04-09
Category : Business & Economics
ISBN : 9780262536752

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Reform of the International Monetary System by John B. Taylor Pdf

An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries—largely the result of countries' concerns about the exchange rate—causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind.

Author : Robert Z. Aliber
Publisher : Unknown
Page : 296 pages
File Size : 55,7 Mb
Release : 1977
Category : Business & Economics
ISBN : STANFORD:36105118199327

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The Political Economy of Monetary Reform by Robert Z. Aliber Pdf