IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v12y1994i3p79-90.html
   My bibliography  Save this article

Monetary Overhang: Do Centrally Planned Economies Have Excessive Money Stocks?

Author

Listed:
  • GENE HSIN CHANG

Abstract

This paper investigates the issue of monetary overhang in centrally planned economies (CPEs). The analysis compares the money stocks in CPEs with those in market economy counterparts. Contrary to conventional belief, the findings here suggest that the money stocks in traditional CPEs do not tend to be excessive. This implies that CPEs suffer more from structural distortion than from monetary overhang in their traditional stage.

Suggested Citation

  • Gene Hsin Chang, 1994. "Monetary Overhang: Do Centrally Planned Economies Have Excessive Money Stocks?," Contemporary Economic Policy, Western Economic Association International, vol. 12(3), pages 79-90, July.
    • Handle: RePEc:bla:coecpo:v:12:y:1994:i:3:p:79-90
    DOI: 10.1111/j.1465-7287.1994.tb00436.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.1994.tb00436.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-7287.1994.tb00436.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Chang Gene Hsin, 1993. "The Inconsistencies among Disequilibrium Aggregates," Journal of Comparative Economics, Elsevier, vol. 17(1), pages 70-91, March.
    2. Podkaminer, Leon, 1982. "Estimates of the Disequilibria in Poland's Consumer Markets, 1965-1978," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 423-431, August.
    3. Michael Alexeev, 1992. "Saving Behavior And Soviet Reform," Contemporary Economic Policy, Western Economic Association International, vol. 10(3), pages 39-48, July.
    4. Yi, Gang, 1991. "The monetization process in China during the economic reform," China Economic Review, Elsevier, vol. 2(1), pages 75-95.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chang, Gene Hsin, 1995. "What caused the hyperinflation at the Big Bang: Monetary overhang or structural distortion?," China Economic Review, Elsevier, vol. 6(1), pages 137-147.
    2. Filippov, Mikhail G, 2002. "Russian Voting and the Initial Economic Shock of Hyperinflation," Public Choice, Springer, vol. 111(1-2), pages 73-104, March.
    3. Kui-Wai Li, 1997. "Money and monetization in China's economic reform," Applied Economics, Taylor & Francis Journals, vol. 29(9), pages 1139-1146.
    4. Gene Hsin Chang & Jack Hou, 1997. "Structural Inflation And The 1994 ‘Monetary’ Crisis In China," Contemporary Economic Policy, Western Economic Association International, vol. 15(3), pages 73-81, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xu, Yingfeng, 1998. "Money Demand in China: A Disaggregate Approach," Journal of Comparative Economics, Elsevier, vol. 26(3), pages 544-564, September.
    2. Kim, Byung Yeon, 1997. "Soviet Household Saving Function," Economic Change and Restructuring, Springer, vol. 30(2-3), pages 181-203.
    3. Liu, Jing & Cao, Shutao, 2011. "Productivity growth and ownership change in China: 1998-2007," MPRA Paper 34601, University Library of Munich, Germany, revised 04 Sep 2011.
    4. M.Ellman., 2010. "What Did The Study of The Soviet Economy Contribute to Mainstream Economics?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    5. Robert Mulligan & Erwin Nijsse, 2001. "Shortage and currency substitution in transition economies: Bulgaria, Hungary, Poland, and Romania," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 7(3), pages 275-295, August.
    6. Shida, Yoshisada, 2015. "Forced Savings in the Soviet Republics: Re-examination," RRC Working Paper Series 54, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    7. Huffman, Sonya Kostova & Johnson, Stanley R., 2004. "Empirical tests of impacts of rationing: the case of Poland in transition," Economic Systems, Elsevier, vol. 28(1), pages 79-99, March.
    8. Wang Lei, 2019. "A Farewell to Monetization," Man and the Economy, De Gruyter, vol. 6(2), pages 1-12, December.
    9. Geneviève BOYREAU-DEBRAY, 1998. "Money Demand and the Potential of Seigniorage in China," Working Papers 199821, CERDI.
    10. Kui-Wai Li, 1997. "Money and monetization in China's economic reform," Applied Economics, Taylor & Francis Journals, vol. 29(9), pages 1139-1146.
    11. Welfe, Aleksander, 1996. "The Price-Wage Inflationary Spiral in Poland," Economic Change and Restructuring, Springer, vol. 29(1), pages 33-50.
    12. Yu, Qiao & Tsui, Albert K., 2000. "Monetary services and money demand in China," China Economic Review, Elsevier, vol. 11(2), pages 134-148, December.
    13. Welfe, Aleksander, 1994. "The price-wage inflationary spiral: The mixed economic case," Discussion Papers 13, University of Konstanz, Center for International Labor Economics (CILE).
    14. Leon Podkaminer, 2013. "Persistent gaps between purchasing power parities and exchange rates under the law of one price: a puzzle (partly) explained?," Bank i Kredyt, Narodowy Bank Polski, vol. 44(4), pages 333-352.
    15. Gur Ofer, 1990. "Macroeconomic Issues of Soviet Reforms," NBER Chapters, in: NBER Macroeconomics Annual 1990, Volume 5, pages 297-342, National Bureau of Economic Research, Inc.
    16. Yin Zhang & Guanghua Wan, 2004. "Output and Price Fluctuations in China's Reform Years: What Role did Money Play?," WIDER Working Paper Series RP2004-56, World Institute for Development Economic Research (UNU-WIDER).
    17. Vasily Astrov & Leon Podkaminer, 2017. "Energy Tariff Reform in Ukraine: Estimated Effects and Policy Options," wiiw Research Reports 416, The Vienna Institute for International Economic Studies, wiiw.
    18. Jeffrey Zax, 2014. "Housing allocations, imputed rents and inequality in urban China," ERSA conference papers ersa14p1682, European Regional Science Association.
    19. Yurii Lupenko & Svitlana Andros, 2021. "Influence of the Level of Economy Monetization and the Structure of Money Supply on Lending to the Enterprises of the Agricultural Sector," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 55-62, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:coecpo:v:12:y:1994:i:3:p:79-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.