Establishing Monetary Stability In Emerging Market Economies
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Establishing Monetary Stability In Emerging Market Economies

Establishing Monetary Stability In Emerging Market Economies


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About the Book

An exploration of inflation as a political issue. The contributors argue that, although government actions that stimulate inflation tend to have low costs or even short benefits in the short run, they impose heavy costs on the economy in the longer term.

Table of Contents:
Introduction - the political economy of establishing monetary stability, Thomas D. Willett et al. Part 1 Aspects of the political economy of inflation: the costs of monetary instability, R.C.K. Burdekin et al; budget deficits and inflation - the importance of budget controls for monetary stability, R.C.K. Burdekin; seignorage and the optimal inflation tax, King Banaian; political capacity and inflation in the former communist countries, Marina Arbertman and Jacek Kugler. Part 2 Institutional mechanisms for promoting monetary stability: guidelines for constructing monetary constitutions, T.D. Willett; central banking in economies in transition, Eduard Hochreiter; alternative approaches to monetary reform in the former communist countries, Annelise Anderson. Part 3 Case studies: the Russian Central Bank and the conduct of monetary policy, Stephen Lewarne; fiscal imbalances, credit demands and the generation of inflation in Russia, Manuel Hinds; currency policies and central banking arrangements in the former Soviet republics, K. Banaian and Eugene Zhukov; the Latvian monetary reform, George Viksnins and Ilmars Rimshevitchs; fiscal and monetary policies in the transition - searching for the credit crunch, Pierre Siklos and Istvan Abel.

About the Author :
Richard J. Sweeney is Sullivan/Dean Professor of International Finance at Georgetown University, Edward Tower is professor of economics at Duke University, and Thomas D. Willett is Horton Professor of Economics at Claremont McKenna College and the Claremont Graduate School. Richard J. Sweeney is Sullivan/Dean Professor of International Finance at Georgetown University, Edward Tower is professor of economics at Duke University, and Thomas D. Willett is Horton Professor of Economics at Claremont McKenna College and the Claremont Graduate School. Richard J. Sweeney is the Sullivan/Dean Professor of International Finance at Georgetown University; Clas Wihlborg is professor of economics at the University of Gothenburg in Sweden; and Thomas D. Willett is professor of economics at the Lowe Institute of Political Economy at Claremont McKenna College.


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Product Details
  • ISBN-13: 9780813389059
  • Publisher: Taylor & Francis Inc
  • Publisher Imprint: Westview Press Inc
  • Height: 229 mm
  • No of Pages: 269
  • Returnable: N
  • ISBN-10: 0813389054
  • Publisher Date: 07 Aug 1995
  • Binding: Hardback
  • Language: English
  • No of Pages: 269
  • Width: 152 mm


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