Exchange Rate and the Price Level in Socialist Economies PDF Download
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451971044
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the inherited production structure is only gradually modified, capital and labor mobility are still relatively low and financial discipline is less-than-complete--the elasticity of the domestic price level with respect to a change in the exchange rate, or, to a change in world market prices, may still be lower than in an otherwise comparable market economy.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451971044
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the inherited production structure is only gradually modified, capital and labor mobility are still relatively low and financial discipline is less-than-complete--the elasticity of the domestic price level with respect to a change in the exchange rate, or, to a change in world market prices, may still be lower than in an otherwise comparable market economy.
Author: Emil Maria Claassen
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 472
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Book Description
Author: Thomas A. Wolf
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
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Book Description
The paper examines how the evolution from a classical centrally planned economy to a more market-oriented system will enhance the linkage between the exchange rate and the domestic price level. However, during the transition--as the economy continues to be predominantly state-owned, the inherited production structure is only gradually modified, capital and labor mobility are still relatively low and financial discipline is less-than-complete--the elasticity of the domestic price level with respect to a change in the exchange rate, or, to a change in world market prices, may still be lower than in an otherwise comparable market economy.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 46
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Book Description
Author: Tamás Bauer
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Author: T. A. Wolf
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Andrés Solimano
Publisher: World Bank Publications
ISBN:
Category : Communist countries
Languages : en
Pages : 52
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Book Description
This paper develops simple models, reviews empirical evidence, and discusses policy issues relevant for socialist economies undergoing a process of economic reform.
Author: Simon Commander
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 50
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Book Description
Nominal anchors - particularly wage restraints - are important in stabilization programs in reforming socialist economies. Without conventional equilibrating mechanisms and effective market restraints on wages, monopolistic pricing can result in powerful inflationary pressures and higher-than-warranted output costs.
Author: Béla Csikós Nagy
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 380
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Book Description
Monograph on the socialist economic theory of prices and price policy - gives an account of the problems of socialist pricing in the context of its practical application as evolved in the European socialist countries, etc. References and statistical tables.
Author: Jozef Wilczynski
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
