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determinants of future growth; the behavior of inflation and velocity and implications for stabilization policy; interenterprise …
Persistent link: https://www.econbiz.de/10014405566
This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia,...
Persistent link: https://www.econbiz.de/10014405573
Prices in the Russian Federation have been decontrolled in several steps since early 1991, after decades of near fixity. This paper documents and analyzes the behavior of prices, income, consumption, and savings before and after the January 1992 price liberalization, with emphasis on...
Persistent link: https://www.econbiz.de/10014405694
During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits declined by more than 20 percent in late 2008–early 2009, while deposit dollarization...
Persistent link: https://www.econbiz.de/10014401170
Food prices are generally excluded from measures of inflation most closely watched by policymakers due either to their … transitory nature or their higher volatility. However, in lower income countries, food price inflation is not only more volatile … but also on average higher than nonfood inflation. Food inflation is also in many cases more persistent than nonfood …
Persistent link: https://www.econbiz.de/10014401202
Persistent link: https://www.econbiz.de/10014401212
This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the … relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing … dominate the inflation process in developing countries with fixed exchange rate regimes …
Persistent link: https://www.econbiz.de/10014401230
factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …
Persistent link: https://www.econbiz.de/10014401256
This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for … real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of …
Persistent link: https://www.econbiz.de/10014401264
inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …
Persistent link: https://www.econbiz.de/10014401300