Success and Failure in Monetary Reform

Monetary Commitment and the Role of Institutions

Inbunden, Engelska, 2002

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Beskrivning

This innovative book uses mainstream theoretical analysis to explain the successes and failures of monetary reforms. Andreas Freytag argues that there is a systematic economic relationship between the success of a reform, the degree of monetary commitment and the institutional setting in a particular country. The book begins with a theoretical discussion of this relationship, and a formalisation of the theory of monetary reform. It goes on to offer an empirical assessment of the theory, using cross-section methods and case studies, before finally presenting economic policy options for countries facing monetary problems.Success and Failure in Monetary Reform will be of unique interest to economists and central banks. Scholars and students of monetary economics all over the world, in particular in developing countries, will also find this book invaluable.

Produktinformation

Utgivningsdatum:2002-05-28
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781840648171

Utforska kategorier

Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Andreas Freytag, Professor of Economics, Friedrich-Schiller-Universität Jena, Germany and University of Stellenbosch, South Africa

Recensioner i media

‘Success and Failure in Monetary Reform is a volume that should be read by policy analysts and policymakers who are considering reforms in any segment of a country's economy.'

Innehållsförteckning

Contents: Foreword 1. Introduction 2. Inflation, Credibility and Monetary Commitment 3. Institutional Constraints to Monetary Policy 4. The Positive Theory of Monetary Reform 5. The Empirical Analysis: Some Facts and Figures 6. Cross Country Studies: Commitment and Institutions Matter 7. Successful and Unsuccessful Monetary Reforms: The Case Studies 8. Economic Policy Options 9. Summary and Conclusion Appendix 1: Sample of Countries Appendix 2: Detailed Explanations and Alternative Specifications of the Variables Appendix 3: Calculated Degree of Commitment Appendix 4: The Institutional Factors Calculated References Index