Inflation and Monetary Reform

Inflation and Monetary Reform
The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial "excess" stock of liquidity. The paper examines the anticipatory dynamics associated with such reforms.... READ MORE...

Publication date: August 1992
ISBN 9781451965315
$15.00

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