This paper evaluates the impact of rising international interest rates on the South Korean economy during the seventies with the help of an econometric macro model. The results show that there was an induced reduction of investment and GDP, yet inflationary pressures were somewhat mitigated by a...

Comparing inflation rates internationally, one finds a number of Latin American countries in the lead. Therefore, when investigating inflation in LDCs, it has become common practice to refer to these countries as prime examples. Mainly two theories have been put forward to explain Latin American...

The liberalization of interest rates has become more and more an integrated part of the policy advice given to developing countries in order to stimulate domestic savings and to improve the allocative efficiency of investments . One of the most critical assumptions behind this policy approach...

This paper focusses on the development of the financial sector under conditions of high inflation. It begins with a description of the Argentine financial sector (Section II) and then reviews three distinct periods of financial policies since the early 1970s (Section III) . In the following...

Ziel dieser Studie ist es, für den Zeitraum zwischen 1960 und 1975 die wichtigsten Struktur- und Entwicklungsmerkmale der mexikanischen Landwirtschaft herauszuarbeiten und die Agrarpolitik für diesen Zeitraum darzustellen. Obwohl Staatsinterventionen in den Agrarsektor gerade in...

Die Agrarpolitik der Entwicklungsländer bedient sich vielfältiger preis und mengenpolitischer Interventionen auf den Faktormärkten. Die Wirkungen der Interventionen auf die Produktion, den Faktoreinsatz und die Entlohnung werden entscheidend durch die Substitutionsbeziehungen zwischen den...

The objective of this paper is to analyse the Argentine experience of large public sector deficits and high inflation, to elaborate the collection and dynamics of the inflation tax used to public financing and to identify the economic costs of this policy. Strong references are made to the...

The objective of the following study is to evaluate rural deposit mobilization programmes in Sri Lanka, to identify major bottlenecks in the national savings system, and to provide recommendations for improving rural (financial) savings mobilization for financing rural development. Major trends...

Argentina's economic development over the last thirty years has been dominated by very high and variable inflation rates. There is widespread agreement that the financial sector is most seriously affected by persistent inflation. This was also true for Argentina. Due to interest rate ceilings...

This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an analysis of the structure of domestic savings and its changes in the course of economic development (Section II) . After the description of the Peruvian financial sector...