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Descripción Hardcover. Condición: new. Hardcover. This book looks at very high inflations, exemplified by those suffered by Argentina, Bolivia, Brazil, Israel, Mexico, and Peru in the eighties and by the Soviet Union today. The authors argue that a better grasp of high inflation processes is necessary in order for countries intricated in it to design stabilization strategies. The extremes of monetary instability can also give a clearer picture of the purpose that money and financial institutions serve under morenormal circumstances, thus deepening our understanding of the benefits of monetary stability.The authors examine the financial problems that governments have to wrestle with in highinflation, the private sector's adaptations to high inflation conditions, and the difficulties of finding a policy strategy that can be sustained through disinflation to lasting stabilization.In describing, analysing, and explaining a number of high inflationary experiences, the authors show that standard macroeconomic theory cannot account for the phenomenon of these extreme cases and ask how received inflation theory needs to be changed in order for it to accommodate thevarious effects on the functioning of the economy.Finally, the authors make a series of policy prescriptions which will help policy-makers to avoid inflationary situations. This book looks at how economies function in conditions of high inflation. It examines both theoretical issues - developing new theoretical models to understand the process of high and hyperinflations - and policy issues aimed at achieving stabilization. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Nº de ref. del artículo: 9780198288442
Descripción HRD. Condición: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. del artículo: L1-9780198288442
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Descripción Hardcover. Condición: new. Hardcover. This book looks at very high inflations, exemplified by those suffered by Argentina, Bolivia, Brazil, Israel, Mexico, and Peru in the eighties and by the Soviet Union today. The authors argue that a better grasp of high inflation processes is necessary in order for countries intricated in it to design stabilization strategies. The extremes of monetary instability can also give a clearer picture of the purpose that money and financial institutions serve under morenormal circumstances, thus deepening our understanding of the benefits of monetary stability.The authors examine the financial problems that governments have to wrestle with in highinflation, the private sector's adaptations to high inflation conditions, and the difficulties of finding a policy strategy that can be sustained through disinflation to lasting stabilization.In describing, analysing, and explaining a number of high inflationary experiences, the authors show that standard macroeconomic theory cannot account for the phenomenon of these extreme cases and ask how received inflation theory needs to be changed in order for it to accommodate thevarious effects on the functioning of the economy.Finally, the authors make a series of policy prescriptions which will help policy-makers to avoid inflationary situations. This book looks at how economies function in conditions of high inflation. It examines both theoretical issues - developing new theoretical models to understand the process of high and hyperinflations - and policy issues aimed at achieving stabilization. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Nº de ref. del artículo: 9780198288442
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