The Modern Hyperinflation Cycle Some New Empirical Regularities is popular PDF and ePub book, written by Jose Saboin in 2018-12-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Modern Hyperinflation Cycle Some New Empirical Regularities can be Read Online from any device for your convenience.
The Modern Hyperinflation Cycle Some New Empirical Regularities Book PDF Summary
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur in contexts where there are (i) depressed economic freedoms, (ii) deteriorated socioeconomic conditions and rule of law, as well as (iii) high levels of domestic conflictivity and government instability. Despite social infraestructure factors improve during stabilization, they keep being substantially lower than the respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally, the role of international financial assistance in stabilization was studied, noting that (i) a clear majority of hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal flexibility and (iv) more exchange rate stability.
Detail Book of The Modern Hyperinflation Cycle Some New Empirical Regularities PDF
- Author : Jose Saboin
- Release : 07 December 2018
- Publisher : International Monetary Fund
- ISBN : 9781484390450
- Genre : Business & Economics
- Total Page : 46 pages
- Language : English
- PDF File Size : 9,7 Mb
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