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A monetary union is a group of states which share a single, or common, currency. An economic and monetary union (EMU), like the Eurozone, is characterized not only by a single currency, but also by a single market, as well as by a common economic and monetary policy. According to Cohen2, a...
Persistent link: https://www.econbiz.de/10005621591
This is the English language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a...
Persistent link: https://www.econbiz.de/10005621653
find that the optimal rate of inflation depends on which of the two sectors, formal or underground, is more crowded …/congested with buyers. If the underground sector is more crowded, the optimal inflation rate is as high as 42% per annum for Peru …. That is, I offer a possible motivation for the high rates of inflation observed in that country from the mid 1970s up to …
Persistent link: https://www.econbiz.de/10005621693
Since the “third wave” of democratization began in 1974, nearly 100 states have adopted democratic forms of government, including, of course, most of the former Soviet bloc nations. Policy-makers in the west have expressed the hope that this democratic wave will extend even further, to the...
Persistent link: https://www.econbiz.de/10005622029
The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods … crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors …' policies, much to the detriment of inflation. Inflation grew from an average of less than 10% per year in the decade preceding …
Persistent link: https://www.econbiz.de/10005622172
crisis since the Biafra war of the sixties. Currently, she is experiencing a staggering rate of inflation (well up to the … “inflation crunch” have adjusted to or tried to adapt to this pressure. In other words, this phased research project proposes to …
Persistent link: https://www.econbiz.de/10005623253
This study investigates the relationship between export, inflation, investment and economic growth for three ASEAN …. As for, Malaysia and Thailand, inflation has a negative impact on growth; while for Indonesia it has a positive impact …. The inflation rate for Indonesia is almost consistent for a several years, which have lead to a positive relationship …
Persistent link: https://www.econbiz.de/10005623315
The financial crisis that erupted in 2007, continues in 2008 and likely continues longer, is in need for explanation by economic theory. The monetary authorities and financial regulators provide us with piecemeal engineering on the fly but there is a lack of overview. The lack of convincing...
Persistent link: https://www.econbiz.de/10005623412
This study is an attempt to analyze the impact of Edible Oil Deficit on Food Expenditure in Pakistan for the period 1971-2008. Edible oil deficit is one of the major concerns for the policy makers in Pakistan. Despite of having agriculture based economy; Pakistan is unable to fulfil her domestic...
Persistent link: https://www.econbiz.de/10005103386