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
Get Book Here
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: 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: Emil Maria Claassen
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 472
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Book Description
Author: T. A. Wolf
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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: 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: Burnham Putnam Beckwith
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 490
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Book Description
The purpose of this book is to draw a blueprint for a socialist economic order, and a blueprint detailed with respect to the planning of production, the avoidance of unemployment, the locus of control, the distribution of income, and the fixing of prices. In addition to stating the theoretical considerations relevant to the performance of these tasks, the author is concerned to indicate the application of the theory to selected, illustrative industries, while trying to preserve individual freedom.
Author: G.W Kolodko
Publisher: Springer Science & Business Media
ISBN: 940113894X
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
One would think states and peoples have had so many bad experiences with inflation that politicians at the helm of these states would do everything within their power to avoid inflation and, in particular, its very intensive shape, i. e. hyperinflation. However, this has not been the case. After the big inflations of the twenties and the post-war inflations of the fourties, we still witness intensive, economically, socially and politically extremely painful inflationary processes. And the eighties will be particularly engraved in history as a period in which the inflation has assumed an exceptionally dynamic character with respect to some countries. This regards, in the first place, Latin America, but not exclusively. Not without reason -as will be of particular intensity has also affected shown in this book -inflation countries which, according to the passed economic doctrine, were supposed to be completely immune from this economic illness. Most generally, the inflation can be assumed to be a uniform phenomenon which, in each case, can be described by a single, universal definition, while being divided into a number of forms and types distinguishable according to their original and secondary sources, their mechanisms, the ways of their manifestation as well as to their effects and the methods of counteracting them.
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.
