situation helps to explain the surge in the country's inflation and its very high growth in financial condition from late 2007 …

periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to … rates in order to control the exchange rate. This paper suggests that 'fear of inflation' provides justification for the …

effects of currency board regimes on inflation, output growth, and macroeconomic performance more generally. - Drawing on … historical experience, economic theory, cross-country empirical analysis, and case studies of currency boards in Argentina … reductions in inflation compared to other regimes and do not seem to result in slower growth or a markedly higher vulnerability …