Finance and Development, June 1965.
This paper analyzes the effect of rapid inflation on a country's international position. The paper highlights that when prices and costs in any country rise rapidly, goods produced in the country soon become more expensive than similar goods produced abroad. Unless the exchange rate changes, th...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1965.
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| Series: | Finance and Development; Finance and Development ;
No. 0002/002 |
| Online Access: | Full text available on IMF |
| Summary: | This paper analyzes the effect of rapid inflation on a country's international position. The paper highlights that when prices and costs in any country rise rapidly, goods produced in the country soon become more expensive than similar goods produced abroad. Unless the exchange rate changes, this encourages imports and discourages exports. As prices in a country rise more rapidly than in the rest of the world, individuals in that country tend to turn from buying these increasingly expensive products of their own industries to the relatively cheaper foreign goods. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (72 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 0145-1707 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |