Electronic Resource
Bingley
:
Emerald
International journal of social economics
23 (1996), S. 88-106
ISSN:
0306-8293
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
Notes that macro-economic policy faces the same challenges in both developing and post-socialist economies: to reduce inflation while achieving or maintaining stable economic growth. Moreover, there are developing countries like Argentina which succeeded in overcoming a type of institutional chaos which comes quite close to what is to be observed in post-socialist countries. By looking at the theoretical concept and by its implementation in Argentina, examines the main advantages and flaws of an exchange rate anchor. Shows that this is a high risk strategy for post-socialist countries which needs radical complementary reforms in order to be effective and to minimize risks. Suggests that credibility cannot be imported.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/03068299610149471
Permalink
|
Location |
Call Number |
Expected |
Availability |
