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| Author | : George Kararach |
| Publisher | : Oxford University Press |
| Total Pages | : 575 |
| Release | : 2016 |
| Genre | : Business & Economics |
| ISBN | : 0198747500 |
This volume provides a political economy analysis of leadership and economic management in crises in developing economies based on Zimbabwe's experience.
| Author | : Gail E. Makinen |
| Publisher | : |
| Total Pages | : 244 |
| Release | : 2013-10 |
| Genre | : |
| ISBN | : 9781941801024 |
Gail produced a sequence of fascinating studies that succeed in coaxing orderly patterns and basic macroeconomic forces at work in the midst of what at first glance seems to have been chaos. - From the foreword by Thomas J. Sargent, co-recipient of the 2011 Nobel Prize in Economics The often terrible economic and political costs of hyperinflation have made it a topic of enduring interest for economists and public alike. In this book, Gail Makinen and his coauthors examine 20th century hyperinflations in China, Greece, Hungary, and Taiwan, plus high inflations in South Korea and South Vietnam. How did they happen? What were the consequences? How did they end? By pulling the episodes together, the book throws light on common patterns of error and success in dealing with hyperinflation. In the preface and the postscript, the authors discuss the lessons of these episodes and whether hyperinflation is a realistic possibility in the leading economies today. ABOUT THE AUTHOR AND COAUTHORS Gail E. Makinen is Adjunct Professor at the Georgetown McCourt School of Public Policy. Previously he was a Specialist in Economic Policy at the Congressional Research Service of the Library of Congress and Principal Macroeconomist for the General Accounting Office in Washington, D.C. William A. Bomberger is Associate Professor of Economics in the Warrington College of Business at the University of Florida. G. Thomas Woodward, now retired, was most recently Assistant Director for Tax Analysis with the Congressional Budget Office in Washington D.C. The late Robert B. Anderson was formerly a macroeconomist at the Office of Management and Budget in Washington, D.C. The late Jarvis M. Babcock taught economics at Oberlin College.
| Author | : Jongrim Ha |
| Publisher | : World Bank Publications |
| Total Pages | : 513 |
| Release | : 2019-02-24 |
| Genre | : Business & Economics |
| ISBN | : 1464813760 |
This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
| Author | : Michael D. Bordo |
| Publisher | : University of Chicago Press |
| Total Pages | : 545 |
| Release | : 2013-06-28 |
| Genre | : Business & Economics |
| ISBN | : 0226066959 |
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
| Author | : He Liping |
| Publisher | : Routledge |
| Total Pages | : 330 |
| Release | : 2017-10-03 |
| Genre | : Business & Economics |
| ISBN | : 1351361880 |
Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
| Author | : Inessa Love |
| Publisher | : World Bank Publications |
| Total Pages | : 34 |
| Release | : 2005 |
| Genre | : Bank loans |
| ISBN | : |
"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms with weaker financial position (for example, high pre-crisis level of short-term debt and low cash stocks and cash flows) are more likely to reduce trade credit provided to their customers. This suggests that the decline in aggregate credit provision is driven by the reduction in the supply of trade credit, which follows the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank credit is redistributed by way of trade credit by the firms with stronger financial position to the firms with weaker financial stand "--World Bank web site.
| Author | : Joon Kim |
| Publisher | : Ivy Collegiate School |
| Total Pages | : 210 |
| Release | : 2022-09-22 |
| Genre | : Social Science |
| ISBN | : |
Helix is the Capstone Research journal of Ivy Collegiate School. Student researchers conduct annual research projects in an area of their choosing. Selected presentations and papers are published in this journal. Research topics vary greatly in approach and field. Topics range from questions in the life sciences to studies in musicology.
| Author | : Nnamdi Nwulu |
| Publisher | : Taylor & Francis |
| Total Pages | : 150 |
| Release | : 2020-12-17 |
| Genre | : Mathematics |
| ISBN | : 1000260054 |
Engineering Design and Mathematical Modelling: Concepts and Applications consists of chapters that span the Engineering design and mathematical modelling domains. Engineering design and mathematical modelling are key tools/techniques in the Science, Technology and Innovation spheres. Whilst engineering design is concerned with the creation of functional innovative products and processes, mathematical modelling seeks to utilize mathematical principles and concepts to describe and control real world phenomena. Both of these can be useful tools for spurring and hastening progress in developing countries. They are also areas where Africa needs to ‘skill-up’ in order to build a technological base. The chapters in this book cover the relevant research trends in the fields of both engineering design and mathematical modelling. This book was originally published as a special issue of the African Journal of Science, Technology, Innovation and Development.
| Author | : |
| Publisher | : BRILL |
| Total Pages | : 380 |
| Release | : 2023-05-08 |
| Genre | : Social Science |
| ISBN | : 9004547339 |
This book seeks to explore how the Zimbabwean society and its institutions have survived if not succumbed to continuous economic crises in the country. From the 1990s Zimbabwe experienced a sustained economic decline challenged by both internal and external strains. Coupled with internal mis-governance and corruption, the nation plunged into a political and economic crisis which culminated in the second highest world inflation rate for an economy that is not at war. In the face of the harsh and continuously deteriorating economic environments, Zimbabweans as individuals as well as part of institutions adopted various strategies to negotiate and survive the economic scourge. Contributors include Wellington Bamu, Nathaniel Chimhete, Anusa Daimon, Innocent Dande, Sylvester Dombo, Tinotenda Dube, Rudo Gaidzanwa, Tafara Evelyn Kombora, Ushehwedu Kufakurinani, Bernard Kusena, Eric Kushinga Makombe, Albert Makochekanwa, Blessed Masawi, Ivo Mhike, Joseph P. Mtisi, Joseph Mujere, Wesley Mwatwara, Pius S. Nyambara, Tinashe Nyamunda, Mark Nyandoro, Takesure Taringana and Nicola Yon (Mutimurefu).
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 229 |
| Release | : 1963-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451956029 |
This paper discusses effects of inflation on economic development. A mild inflation may well encourage little, or no, evasion of the “inflation tax.” On the other hand, a strong inflation, and frequently a mild one also, will lead to community reactions which have effects like those of widespread tax evasion. A development policy may have wider aims than the encouragement of a high level of investment. Inflation has two effects on the desire for liquidity, which are related to the two basic reasons why individuals and businesses wish to hold liquid assets—the speculative and precautionary motives. Inflation increases the value of effective liquidity, thereby raising the community's desire for it, but it makes the most generally accepted store of liquidity unacceptable sources of protection. The control of inflation is only one of the problems facing a government wishing to encourage rapid economic development. The fight against illiteracy, the reform of bureaucratic practices, the building of basic sanitary facilities for the eradication of endemic diseases, the substitution of competitive for monopolistic trade practices, the encouragement of a widespread spirit of entrepreneurship, and the creation of an adequate amount of social capital, may be important prerequisites for rapid growth.
