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Beteilige Person: Wang, Jian-Ye (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1999
Schriftenreihe:IMF Working Papers Working Paper No. 99/65
Links:http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
http://elibrary.imf.org/view/IMF001/07024-9781451848663/07024-9781451848663/07024-9781451848663.xml
Abstract:This paper anlayzes the Georgian hyperinflation of 1993-94, which featured endogenous fiscal expenditures and the money supply, depreciation, and currency substitution. Hyperinflation was stopped by removing generalized consumer subsidies and tightening of monetary policy, and not by a sudden rush of credibility or imposition of an exchange rate anchor. A de facto exchange rate anchor served ex post as a vehicle for building credibility, which ensured a dramatic reversal of currency substitution when the currency reform was implemented. The paper also discusses the relatively rapid output recovery in Georgia
Umfang:1 Online-Ressource (34 p)
ISBN:1451848668
9781451848663