Showing 321 - 326 of 326
contradicts the inflation objectives of fiscal stabilisation because by devaluing a currency at every instance of inflation, it … rate of monetary growth, thus resulting in further cyclic inflation. The author also argues that the other effect of … that it also serves as a ‘conveyor belt’ transmitting costs into production structures and driving inflation quicker than …
Persistent link: https://www.econbiz.de/10005119268
The paper studies the ways an economy working under a currency board could adjust when capital inflows stop suddenly. Six alternative solutions to restore the economic equilibrium are available when the sudden stop comes: a recession could push the prices of non-tradable goods down, a...
Persistent link: https://www.econbiz.de/10005561288
relationship between frustration amongst industrial labourers and inflation is researched out …
Persistent link: https://www.econbiz.de/10005561321
industrialized economies a certain structure that determines the balance curve, which relates the rates of inflation and capital … cycles, creeping inflation and stagflation, and accordingly to prescribe for "diseases." …
Persistent link: https://www.econbiz.de/10005561322
The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...
Persistent link: https://www.econbiz.de/10005561324
Issuing convertible bonds has become a popular way of raising capital by corporations in the last few years. An important subgroup is convertibles linked to a price index or exchange rate. In this paper we extend the convertible pricing models of Tsiveriotis and Fernandes (1998) and McConnell...
Persistent link: https://www.econbiz.de/10005561658