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We examine four successful stabilizations from high inflation -- Germany in 1923,Austria in 1922, in Poland 1924-27, Italy 1947 --and the two ongoing attempted stabilization in Israel and Argentina, with the aim of identifying general lessons from those episodes. The key issues in a...
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emphasis. We draw attention to a third aspect of the hyperinflation process, and the stablization, namely exchange rate and … establishing that credibility by a de facto stablization. We make that point by discussing the events of the German hyperinflation …
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We examine four successful stabilizations from high inflation -- Germany in 1923,Austria in 1922, in Poland 1924-27, Italy 1947 --and the two ongoing attempted stabilization in Israel and Argentina, with the aim of identifying general lessons from those episodes. The key issues in a...
Persistent link: https://www.econbiz.de/10013311653