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based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable …In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed …. They say that as people become aware of the fact of continues inflation, however slow, they will anticipate inflation and …
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The government is able to acquire real goods through printing money. Because government does not create wealth through printing money, this revenue, the seigniorage, is at the expense of the public, as the purchasing power of monetary units decreases because of the issue of new money. The...
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Slovak Republic entered the ERM II in the end of 2005 whereby it came nearer to its strategic objective - joining the euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an optimum currency area and what is the OCA scorecard of...
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