The modern hyperinflation cycle :: some new empirical regularities /
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur i...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Place of publication not identified] :
International Monetary Fund,
2018.
|
| Schriftenreihe: | IMF working paper ;
WP/18/266. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur in contexts where there are (i) depressed economic freedoms, (ii) deteriorated socioeconomic conditions and rule of law, as well as (iii) high levels of domestic conflictivity and government instability. Despite social infraestructure factors improve during stabilization, they keep being substantially lower than the respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally, the role of international financial assistance in stabilization was studied, noting that (i) a clear majority of hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal flexibility and (iv) more exchange rate stability. |
| Beschreibung: | 1 online resource (47 pages) : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1484390490 9781484390498 |
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| 520 | 3 | |a Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur in contexts where there are (i) depressed economic freedoms, (ii) deteriorated socioeconomic conditions and rule of law, as well as (iii) high levels of domestic conflictivity and government instability. Despite social infraestructure factors improve during stabilization, they keep being substantially lower than the respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally, the role of international financial assistance in stabilization was studied, noting that (i) a clear majority of hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal flexibility and (iv) more exchange rate stability. | |
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| id | ZDB-4-EBU-on1107362192 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:34Z |
| institution | BVB |
| isbn | 1484390490 9781484390498 |
| language | English |
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| spelling | Saboin, Jose. The modern hyperinflation cycle : some new empirical regularities / by Jose Luis Saboin-Garcia. [Place of publication not identified] : International Monetary Fund, 2018. 1 online resource (47 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Paper ; WP/18/266 Includes bibliographical references. Print version record. Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur in contexts where there are (i) depressed economic freedoms, (ii) deteriorated socioeconomic conditions and rule of law, as well as (iii) high levels of domestic conflictivity and government instability. Despite social infraestructure factors improve during stabilization, they keep being substantially lower than the respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally, the role of international financial assistance in stabilization was studied, noting that (i) a clear majority of hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal flexibility and (iv) more exchange rate stability. Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Financial crises. http://id.loc.gov/authorities/subjects/sh89002668 Cycles économiques. Business cycles fast Financial crises fast IMF working paper ; WP/18/266. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1993162 Volltext HB3711.S236 2018 |
| spellingShingle | Saboin, Jose The modern hyperinflation cycle : some new empirical regularities / IMF working paper ; Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Financial crises. http://id.loc.gov/authorities/subjects/sh89002668 Cycles économiques. Business cycles fast Financial crises fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85018278 http://id.loc.gov/authorities/subjects/sh89002668 |
| title | The modern hyperinflation cycle : some new empirical regularities / |
| title_auth | The modern hyperinflation cycle : some new empirical regularities / |
| title_exact_search | The modern hyperinflation cycle : some new empirical regularities / |
| title_full | The modern hyperinflation cycle : some new empirical regularities / by Jose Luis Saboin-Garcia. |
| title_fullStr | The modern hyperinflation cycle : some new empirical regularities / by Jose Luis Saboin-Garcia. |
| title_full_unstemmed | The modern hyperinflation cycle : some new empirical regularities / by Jose Luis Saboin-Garcia. |
| title_short | The modern hyperinflation cycle : |
| title_sort | modern hyperinflation cycle some new empirical regularities |
| title_sub | some new empirical regularities / |
| topic | Business cycles. http://id.loc.gov/authorities/subjects/sh85018278 Financial crises. http://id.loc.gov/authorities/subjects/sh89002668 Cycles économiques. Business cycles fast Financial crises fast |
| topic_facet | Business cycles. Financial crises. Cycles économiques. Business cycles Financial crises |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1993162 |
| work_keys_str_mv | AT saboinjose themodernhyperinflationcyclesomenewempiricalregularities AT saboinjose modernhyperinflationcyclesomenewempiricalregularities |