Suchergebnisse
Filter
29 Ergebnisse
Sortierung:
Public sector "debt distress" in Argentina, 1988 - 89
In: Policy research working papers 902
In: Country operations
Central-bank decapitalization in developing economies
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 25, Heft 2, S. 167-178
Central-Bank Decapitalization in Developing Economies
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 25, Heft 2, S. 167
ISSN: 0305-750X
Central-Bank 'Distress' and Hyperinflation in Argentina, 1989–90
In: Journal of Latin American studies, Band 27, Heft 3, S. 663-682
ISSN: 1469-767X
AbstractThe essential explanation of Argentina's 1989 hyperinflations is that the stabilisation programmes immediately preceding them drove the public sector in particular, the central bank – into 'debt distress.' These stabilisation programmes sought to anchor prices on an appreciated exchange rate, sustained by tight monetary policies that maintained high interest rates. The problem was that the government and the central bank had heavy domestic-debt burdens, and their combined interest bill far exceeded their non-interest surplus. To finance the interest without creating money, the government and central bank had to add continually to the outstanding debt stock as they capitalised the interest due. The debt swelled, and interest rates were pressured upward. Heavy pressure against the exchange rate, devaluation and hyperinflation then ensued when the public-sector debt stock exceeded what financial markets could be persuaded to hold at reasonable interest rates.
Central-bank 'distress' and hyperinflation in Argentina, 1989-90
In: Journal of Latin American studies, Band 27, Heft 3, S. 663-682
ISSN: 0022-216X
World Affairs Online
Trade and the Poor: The Impact of International Trade on Developing Countries
In: The journal of developing areas, Band 29, Heft 2, S. 298-299
ISSN: 0022-037X
EXTERNAL DEBT AND GROWTH: THE DEBT-STABILIZING REAL GROWTH RATE
In: The journal of developing areas, Band 38, Heft 2, S. 229-236
ISSN: 0022-037X
Inflation and dollar accounts in Peru's banking system, 1978–1984
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 15, Heft 8, S. 1087-1106
Inflation and Dollar Accounts in Peru's Banking System, 1978-1984
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 15, Heft 8, S. 1087
ISSN: 0305-750X
Non-Positive Market-Clearing Real Rates of Interest
In: Journal of post-Keynesian economics, Band 6, Heft 1, S. 53-64
ISSN: 1557-7821
Ativos financeiros indexados e o mecanismo de realimentação inflacionária no Brasil
In: Pesquisa e planejamento econômico: PPE, Band 9, Heft 2, S. 271-314
ISSN: 0100-0551
Some arguments for (moderately) capital-intensive development, even in labour-abundant nations
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 6, Heft 4, S. 533-543
Some arguments for (moderately) capital-intensive development, even in labour-abundant nations
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 6, S. 533-543
ISSN: 0305-750X