deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and …There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are potentially graver. In the contemporary two-tier banking system the money issue and circulation cannot be fully …

aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively …The article provides a general description of the world money development in both developed and developing countries … during the second half of 20th century. We were primarily focusing on the long run trends in dollar gold prices, monetary …

between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship …