Description

This innovative book uses mainstream theoretical analysis to explain the successes and failures of monetary reforms.

Andreas Freytag argues that there is a systematic economic relationship between the success of a reform, the degree of monetary commitment and the institutional setting in a particular country. The book begins with a theoretical discussion of this relationship, and a formalisation of the theory of monetary reform. It goes on to offer an empirical assessment of the theory, using cross-section methods and case studies, before finally presenting economic policy options for countries facing monetary problems.

Success and Failure in Monetary Reform will be of unique interest to economists and central banks. Scholars and students of monetary economics all over the world, in particular in developing countries, will also find this book invaluable.

Success and Failure in Monetary Reform: Monetary Commitment and the Role of Institutions

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Hardback by Andreas Freytag

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This innovative book uses mainstream theoretical analysis to explain the successes and failures of monetary reforms. Andreas Freytag argues that... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 28/05/2002
    ISBN13: 9781840648171, 978-1840648171
    ISBN10: 1840648171

    Number of Pages: 288

    Non Fiction , Business, Finance & Law

    Description

    This innovative book uses mainstream theoretical analysis to explain the successes and failures of monetary reforms.

    Andreas Freytag argues that there is a systematic economic relationship between the success of a reform, the degree of monetary commitment and the institutional setting in a particular country. The book begins with a theoretical discussion of this relationship, and a formalisation of the theory of monetary reform. It goes on to offer an empirical assessment of the theory, using cross-section methods and case studies, before finally presenting economic policy options for countries facing monetary problems.

    Success and Failure in Monetary Reform will be of unique interest to economists and central banks. Scholars and students of monetary economics all over the world, in particular in developing countries, will also find this book invaluable.

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