Author: Mr.Balázs Horváth
Publisher: International Monetary Fund
ISBN: 1451845669
Category : Business & Economics
Languages : en
Pages : 33
Get Book Here
Book Description
This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilitating significant growth, although they have not always worked in cohort. Seigniorage and the inflation tax declined dramatically as inflation fell, while dollarization was reversed but reached a plateau after mid-1995, affecting the demand for dram. The paper also presents quantitative indicators, which are suggestive of the trends discussed.
Author: Balazs Horvath
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Get Book Here
Book Description
This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilitating significant growth, although they have not always worked in cohort. Seigniorage and the inflation tax declined dramatically as inflation fell, while dollarization was reversed but reached a plateau after mid-1995, affecting the demand for dram. The paper also presents quantitative indicators, which are suggestive of the trends discussed.
Author: Winston Yu
Publisher: World Bank Publications
ISBN: 1464803382
Category : Nature
Languages : en
Pages : 177
Get Book Here
Book Description
This study takes stock of the current water resources management in Armenia, including diagnosing the main sub-sectors (agriculture, urban, environment, and energy), reviewing the institutional framework and implementation status of water-sector policies, identifying the main challenges and making recommendations on the next steps.
Author: World Bank
Publisher: World Bank Publications
ISBN: 9780821355848
Category : Armenia (Republic)
Languages : en
Pages : 204
Get Book Here
Book Description
Author: United States Institute of Peace
Publisher: US Institute of Peace Press
ISBN: 1601270461
Category : History
Languages : en
Pages : 244
Get Book Here
Book Description
Claude Chabrol's second film follows the fortunes of two cousins: Charles, a hard-working student who has arrived in Paris from his small hometown; and Paul, the dedicated hedonist who puts him up. Despite their differences in temperament, the two young men strike up a close friendship, until an attractive woman comes between them.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451974167
Category : Business & Economics
Languages : en
Pages : 204
Get Book Here
Book Description
This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.
Author: Lev M. Freinkman
Publisher: World Bank Publications
ISBN: 9780821356043
Category : Budget deficits
Languages : en
Pages : 62
Get Book Here
Book Description
Author: Peter Bernholz
Publisher: Edward Elgar Publishing
ISBN: 1784717630
Category : Business & Economics
Languages : en
Pages : 311
Get Book Here
Book Description
Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Author:
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 244
Get Book Here
Book Description
Author: Marek Dabrowski
Publisher: Central European University Press
ISBN: 963386562X
Category : Business & Economics
Languages : en
Pages : 413
Get Book Here
Book Description
The authors of this outstanding scholarly work analyze the dynamics of disinflation in transition economies in Central and Eastern Europe. The volume covers all the key factors of this process: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal status of central banks; monetary policy strategy; changes in relative prices and changes in nominal and real wages. The book contains 13 chapters related to various aspects of disinflation and covering different sets of transition countries depending on their relevance to the analyzed topic and data availability.
