Monetary Regimes and Inflation: History, Economic and Political Relationships, Second EditionExploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of |
Contents
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Preface
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Inflation and monetary regimes
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Inflation under metallic monetary regimes
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Moderate paper money inflations
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Characteristics of hyperinflations
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Currency competition inflation Greshams Law
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Ending mild or moderate inflations
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Currency reforms ending hyperinflations
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Forces establishing maintaining and eroding stable
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Other editions - View all
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Monetary Regimes and Inflation: History, Economic and Political Relationships Peter Bernholz No preview available - 2015 |
Common terms and phrases
amount assignats Austrian banknotes Bernholz Bolivia Bretton Woods system budget deficit cent century chervonetz circulation consequence convertibility copper coins cost of living currency substitution debasement discretionary paper money dollar domestic economic empirical evidence especially Figure finance fixed exchange rate fixed parity flexible exchange rates foreign exchange France gold standard Gresham’s Law high inflations historical hyperinflation increase independent central bank inflation tax inflationary bias interest rate International Monetary Fund introduced issued later longterm measures moderate inflation monetary policy money creation money supply Moreover national money nominal old parity overvaluation paper money paper money inflation paper money standard paper notes period political prewar price level purchasing power parity rate of inflation real exchange rate real stock rise rouble Section socalled stabilisation stable monetary regimes stable money Statistisches Stefan Zweig stock of money successful currency reforms Table undervaluation unemployment vellon wages