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|z 9781451859027
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Jahjah, Samir.
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|a Inflation, Debt, and Default in a Monetary Union /
|c Samir Jahjah.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Depending on the preferences of the central bank, countries in a monetary union tend to accumulate less debt. This reduces the need for fiscal criteria such as debt ceilings. In a monetary union with an independent central bank and a sufficiently large number of relatively small members, investors will begin rationing credit to the government more rapidly, and an equilibrium with no inflation and no default exists. However, highly-indebted countries are more likely to default once they join a monetary union.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2000/179
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/179/001.2000.issue-179-en.xml
|z IMF e-Library
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