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Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the … first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994 … crisis in the early 1980s. We show that the high-inflation period (1960-1994) was characterized by a combination of fiscal …
Persistent link: https://www.econbiz.de/10012008408
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Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the … first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994 … crisis in the early 1980s. We show that the high-inflation period (1960-1994) was characterized by a combination of fiscal …
Persistent link: https://www.econbiz.de/10012479377
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012479478
In this chapter, we review the monetary and fiscal history of Argentina for the period 1960–2017, a time during which then country suffered several balance of payments crises, three periods of hyperinflation, two defaults on government debt, and three banking crises. All told, between 1969 and...
Persistent link: https://www.econbiz.de/10012891419
into four periods, which are mainly distinguished by inflation levels, the source of financing of the public-sector deficit …, and the central bank legal framework. The four main periods are 1962–1980, when inflation and the deficit were moderate … in the country's history took place and inflation levels remained moderate nonetheless; and finally, 2004–2017, the …
Persistent link: https://www.econbiz.de/10012891496
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012892582