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Initially an attribute of the state, carrying a single meaning, namely the lack of military conflict, the notion of “security” has evolved in time from its traditional significance, where the emphasis was on the military dimension, to the conflict arising among countries and threats against...
Persistent link: https://www.econbiz.de/10008518081
This paper reviews the evidence on stabilization plans in high inflation countries within a unified theoretical … stabilization programs in chronic inflation countries have resulted in an initial expansion followed by a later recession, in …
Persistent link: https://www.econbiz.de/10008545976
been subject to a weakly exogenous characteristic and conclude that the main factors leading to domestic inflation are …
Persistent link: https://www.econbiz.de/10008550062
inflation rate effect on financial development for low income countries. The study focuses on both the indirect finance and the … inflation and financial development interaction variable indicate that financial sector development is actually harmful for … economic growth when inflation is rising. Second, in contrast with the recent evidence of Beck and Levine (2003), use of more …
Persistent link: https://www.econbiz.de/10008550563
If imperfect market institutions prevail in a country and inflation amounts to about 10% then efforts directed to … further inflation decrease would probably hamper economic growth. To substantiate this thesis, I make references on opinions …
Persistent link: https://www.econbiz.de/10008552814
the optimal one, which appear to be most robust to alternative scenarios of inflation and deflation. …
Persistent link: https://www.econbiz.de/10008490500
for a prolonged period with the result of a high inflationary environment. This paper examines the deficit-inflation nexus … in the Zimbabwean economy and establishes the causal link that runs from the budget deficit to the inflation rate using …
Persistent link: https://www.econbiz.de/10008493022
This paper examines the ‘currency enigma” which arises because despite financial innovation that has created important new substitutes for cash usage, U.S. per capita currency holdings now amount to $2700. American households and businesses admit to holding only 15 percent of the stock of...
Persistent link: https://www.econbiz.de/10008497643
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that...
Persistent link: https://www.econbiz.de/10008528727
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that...
Persistent link: https://www.econbiz.de/10008528737