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|z 9781451920956
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|a 1018-5941
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|a Osband, Kent.
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|a Can the Release of a Monetary Overhang Trigger Hyperinflation? /
|c Kent Osband, Shoukang Lin.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1992.
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|a 1 online resource (36 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 It is widely feared that, once prices are decontrolled in the formerly centrally-planned economies, households' release of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country's fiscal, monetary, and labor market policies are destabilizing typically does not depend on the money stock. However, the release of a monetary overhang can precipitate a large initial real wage shock. To the extent such a shock is not feasible politically, there is a motive for monetary reform, which must be weighed against the cost of reduced public confidence in money.
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|a Mode of access: Internet
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|a Lin, Shoukang.
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|a IMF Working Papers; Working Paper ;
|v No. 1992/024
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1992/024/001.1992.issue-024-en.xml
|z IMF e-Library
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