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equal to nearly 20 per cent of income. For Israel, Mexico, and Argentina the costs had been materially lower, but still in …We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic …'s hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been …
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Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...
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: it was flexible enough for sufficient macroeconomic policy autonomy to bring about differential inflation rates, and … der makroökonomischen Politik, mit der sich die Inflation der Handelspartner unterbieten ließ, und gleichzeitig …
Persistent link: https://www.econbiz.de/10011971596
comparing the differing socioeconomic development experienced by Chile and Argentina between 1983 and 2013. Specifically, the … unterschiedlichen sozioökonomischen Entwicklungen in Chile und Argentinien zwischen 1983 und 2013. Im Vordergrund steht die Frage, ob … paper inquires whether the greater socioeconomic development experienced by Chile was actually related to greater legitimacy …
Persistent link: https://www.econbiz.de/10011932116
Academic literature on foreign exchange market intervention in emerging market countries has grown in recent years. Until now, existing studies have ignored the possible feature of time varying motives and impact effects for/of interventions as well as the relationship to underlying economic and...
Persistent link: https://www.econbiz.de/10010300836
The purpose of this document is to prove that the establishment in Argentina of regulations and records for exchange …
Persistent link: https://www.econbiz.de/10010325098