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High Inflation: The Arne Ryde Memorial Lectures (ryde Lectures) by Daniel Heymann and Axel Leijonhufvud is a nonfiction available to read on EtoBox.

What is High Inflation: The Arne Ryde Memorial Lectures (ryde Lectures) about?

In the 1980s, several Latin American countries suffered through years of high inflation, as did Israel. Today, high inflations thwart reform and impede recovery in Russia, Ukraine, and most of the other former Soviet republics. This book examines the emergence of such inflation-prone monetary regimes, the financial predicaments besetting governments in high inflations, and the difficulties of devising policy strategies that can be sustained through disinflation to lasting stabilization. It discusses the manner in which these inflations cause the functioning of the market economy to deteriorate. High inflations interfere with information flows between agents and complicate economic calculations; they make the accounting measurement of economic results and the monitoring of principal-agent relationships more difficult; they undermine the basis for intertemporal contractual commitments, and cause many financial markets to disappear entirely. These high inflation phenomena challenge our understanding of monetary economics. Episodes of extreme monetary instability make us see the scope and limitations of current theory in clearer perspective. Theories of money and finance that introduce

Who reads High Inflation: The Arne Ryde Memorial Lectures (ryde Lectures)?

Author

Daniel Heymann and Axel Leijonhufvud

Publisher

Clarendon Press ; Oxford University Press

Published

1995

Language

EN

ISBN

9780198288442

Category

nonfiction

Subjects

Economics, Finance, Business