Forced Savings and Repressed Inflation in the Soviet Union : Some Empirical Results /

In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to...

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Автор: Blejer, Mario
Інші автори: Cottarelli, Carlo
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1991.
Серія:IMF Working Papers; Working Paper ; No. 1991/055
Онлайн доступ:Full text available on IMF