Advanced Search
MyIDEAS: Login to save this paper or follow this series

Why Have Some Monetary Reforms Succeeded and Others Not? - An Empirical Assessment

Contents:

Author Info

  • Andreas Freytag

Abstract

Monetary history is characterised by crisis and reform. The paper is dedicated to an explanation of what makes monetary reforms successful. A cross--sectional exonometric analysis is schosen to deal wht this problem. It is based on a standard macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. the exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the conclusion that monetray commitment, the consideration of institutional constraints and abstinence from the money press are crucial for the success of a monetary reform.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.iwp.uni-koeln.de/DE/Publikationen/dp/dp04_01.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.iwp.uni-koeln.de/DE/Publikationen/dp/dp04_01.pdf [303 See Other]--> http://www.iwp.uni-koeln.de/404 [302 Found]--> http://www.iwp.uni-koeln.de/404/). If this is indeed the case, please notify (Christian Müller)
Download Restriction: no

Bibliographic Info

Paper provided by Institute for Economic Policy, Cologne, Germany in its series IWP Discussion Paper Series with number 04/2001.

as in new window
Length:
Date of creation: Apr 2001
Date of revision:
Handle: RePEc:kln:iwpdip:dp04/01

Contact details of provider:
Postal: Pohligstr. 1, 50969 Köln
Phone: +49(0)221/ 470-5347
Fax: +49(0)221/ 470 -5350
Email:
Web page: http://www.iwp.uni-koeln.de/
More information through EDIRC

Related research

Keywords: Monetary Reforms; Credibility; Commitment; Institutions;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Robert J. Barro, 1982. "Inflationary Finance under Discrepion and Rules," NBER Working Papers 0889, National Bureau of Economic Research, Inc.
  2. Adam G. G. Bennett, 1993. "The Operation of the Estonian Currency Board," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 451-470, June.
  3. Bruno, M., 1991. "High Inflation and the Nominal Anchors of an Open Economy," Princeton Studies in International Economics 183, International Economics Section, Departement of Economics Princeton University,.
  4. repec:imf:imfpdp:9418 is not listed on IDEAS
  5. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:kln:iwpdip:dp04/01. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Müller).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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