Dollarization and the conquest of hyperinflation in divided societies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Francois R. Velde & Marcelo Veracierto, 2000.
"Dollarization in Argentina,"
Economic Perspectives, Federal Reserve Bank of Chicago, vol. 24(Q I), pages 24-37.
- Francois R. Velde & Marcelo Veracierto, 1999. "Dollarization in Argentina," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun.
- Russell Cooper & Hubert Kempf, 1998.
"Establishing a Monetary Union,"
NBER Working Papers
6791, National Bureau of Economic Research, Inc.
- Cooper, R. & Kempf, H., 2000. "Establishing a Monetary Union," Papiers d'Economie Mathématique et Applications 2000.28, Université Panthéon-Sorbonne (Paris 1).
- Russell Cooper & Hubert Kempf, 1998. "Establishing a Monetary Union," Boston University - Institute for Economic Development 88, Boston University, Institute for Economic Development.
- Aizenman, Joshua, 1992.
"Competitive Externalities and the Optimal Seigniorage,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(1), pages 61-71, February.
- Joshua Aizenman, 1989. "The Competitive Externalities and the Optimal Seignorage," NBER Working Papers 2937, National Bureau of Economic Research, Inc.
- Chari, V.V. & Kehoe, Patrick J., 2007.
"On the need for fiscal constraints in a monetary union,"
Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2399-2408, November.
- V. V. Chari & Patrick J. Kehoe, 1998. "On the need for fiscal constraints in a monetary union," Working Papers 589, Federal Reserve Bank of Minneapolis.
- repec:cto:journl:v:20:y:2000:i:2:p:179-213 is not listed on IDEAS
- Edwards, Sebastian & Tabellini, Guido, 1991.
"Explaining fiscal policies and inflation in developing countries,"
Journal of International Money and Finance, Elsevier, vol. 10(1, Supple), pages 16-48, March.
- Sebastian Edwards & Guido Tabellini, 1990. "Explaining Fiscal Policies and Inflation in Developing Countries," NBER Working Papers 3493, National Bureau of Economic Research, Inc.
- John Kareken & Neil Wallace, 1981. "On the Indeterminacy of Equilibrium Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(2), pages 207-222.
- Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-334, June.
- Atish R. Ghosh & Anne-Marie Gulde & Holger C. Wolf, 2000. "Currency boards: More than a quick fix?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 15(31), pages 270-335.
- Dale Bails and Margie A. Tieslau, 2000. "The Impact of Fiscal Constitutions on State and Local Expenditures," Cato Journal, Cato Journal, Cato Institute, vol. 20(2), Fall.
- Sebastián M. Saiegh & Mariano Tommasi, 1999.
"Why is Argentina's Fiscal Federalism so Inefficient? Entering the Labyrinth,"
Journal of Applied Economics, Taylor & Francis Journals, vol. 2(1), pages 169-209, May.
- Sebastian M. Saiegh & Mariano Tommasi, 1999. "Why is ArgentinaÂ’s Fiscal Federalism so Inefficient? Entering the Labyrinth," Journal of Applied Economics, Universidad del CEMA, vol. 2, pages 169-209, May.
- repec:oup:ecpoli:v:15:y:2000:i:31:p:269-335 is not listed on IDEAS
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Zimbabwe: how to beat hyperinflation
by Economic Logician in Economic Logic on 2008-07-28 19:13:00
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- V. V. Chari & Larry E. Jones & Ramon Marimon, 2004.
"Strategic Delegation in Monetary Unions,"
Manchester School, University of Manchester, vol. 72(s1), pages 19-33, September.
- V.V. Chari & Larry E. Jones & Ramon Marimon, 2004. "Strategic delegation in monetary unions," Economics Working Papers 842, Department of Economics and Business, Universitat Pompeu Fabra.
- V. V. Chari & Larry E. Jones & Ramon Marimon, 2015. "Strategic Delegation in Monetary Unions," Working Papers 135, Barcelona School of Economics.
- Alain Raybaut & Dominique Torre, 2004. "Unions monétaires, caisses d'émission et dollarisation : les fondements analytiques des systèmes de change « ultra-fixes »," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 37-54.
- Aloisio Araujo & Marcia Leon, 2002.
"Speculative Attacks on Debts, Dollarization and Optimum Currency Areas,"
Working Papers Series
40, Central Bank of Brazil, Research Department.
- Araújo, Aloísio Pessoa de & Leon, Márcia Saraiva, 2002. "Speculative attacks on debts, dollarization and optimum currency areas," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 446, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Cooper, Russell & Kempf, Hubert & Peled, Dan, 2010.
"Regional debt in monetary unions: Is it inflationary?,"
European Economic Review, Elsevier, vol. 54(3), pages 345-358, April.
- Cooper, R. & Kempf, H. & Peled, D., 2007. "Regional Debt in Monetary Unions: Is it Inflationary?," Working papers 186, Banque de France.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00468945, HAL.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional Debt in Monetary Unions: Is it Inflationary ?," Post-Print halshs-00344475, HAL.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional debt in monetary unions: is it inflationary?," Documents de travail du Centre d'Economie de la Sorbonne v08070, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional Debt in Monetary Unions: Is it Inflationary ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00344475, HAL.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," PSE-Ecole d'économie de Paris (Postprint) halshs-00468945, HAL.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," Post-Print halshs-00468945, HAL.
- Krzysztof Makarski, 2014.
"Dollarization as a signaling device,"
Bank i Kredyt, Narodowy Bank Polski, vol. 45(1), pages 17-36.
- Krzysztof Makarski, 2009. "Dollarization as a Signaling Device," NBP Working Papers 63, Narodowy Bank Polski.
- V. V. Chari & Patrick J. Kehoe, 2003.
"On the desirability of fiscal constraints in a monetary union,"
Staff Report
330, Federal Reserve Bank of Minneapolis.
- V.V. Chari & Patrick J. Kehoe, 2004. "On the Desirability of Fiscal Constraints in a Monetary Union," NBER Working Papers 10232, National Bureau of Economic Research, Inc.
- Edwards, Sebastian & Magendzo, I. Igal, 2006.
"Strict Dollarization and Economic Performance: An Empirical Investigation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(1), pages 269-282, February.
- Sebastian Edwards & I. Igal Magendzo, 2003. "Strict Dollarization and Economic Performance: An Empirical Investigation," NBER Working Papers 9820, National Bureau of Economic Research, Inc.
- Kurasawa, Kazutaka & Marty, Alvin L., 2007. ""Optimal" inflation under dollarization," Journal of International Money and Finance, Elsevier, vol. 26(2), pages 251-264, March.
- Chari, V.V. & Kehoe, Patrick J., 2007.
"On the need for fiscal constraints in a monetary union,"
Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2399-2408, November.
- V. V. Chari & Patrick J. Kehoe, 1998. "On the need for fiscal constraints in a monetary union," Working Papers 589, Federal Reserve Bank of Minneapolis.
- Arellano, Cristina & Heathcote, Jonathan, 2010.
"Dollarization and financial integration,"
Journal of Economic Theory, Elsevier, vol. 145(3), pages 944-973, May.
- Jonathan Heathcote & Cristina Arellano, 2004. "Dollarization and Financial Integration," 2004 Meeting Papers 10, Society for Economic Dynamics.
- Cristina Arellano & Jonathan Heathcote, 2007. "Dollarization and financial integration," International Finance Discussion Papers 890, Board of Governors of the Federal Reserve System (U.S.).
- Cristina Arellano & Jonathan Heathcote, 2007. "Dollarization and financial integration," Staff Report 385, Federal Reserve Bank of Minneapolis.
- Heathcote, Jonathan & Arellano, Cristina, 2007. "Dollarization and Financial Integration," CEPR Discussion Papers 6116, C.E.P.R. Discussion Papers.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008.
"Is It Is Or Is It Ain'T My Obligation? Regional Debt In A Fiscal Federation,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(4), pages 1469-1504, November.
- Russell Cooper & Hubert Kempf & Dan Peled, 2005. "Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation," NBER Working Papers 11655, National Bureau of Economic Research, Inc.
- Russell W. Cooper & Hubert Kempf & Dan Peled, 2005. "Is it is or is it ain't my obligation? Regional debt in a fiscal federation," Working Papers 0507, Federal Reserve Bank of Dallas.
- Russell Cooper & Hubert Kempf, 2004.
"Overturning Mundell: Fiscal Policy in a Monetary Union,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(2), pages 371-396.
- Russell W. Cooper & Hubert Kempf, 2002. "Overturning Mundell: fiscal policy in a monetary union," Staff Report 311, Federal Reserve Bank of Minneapolis.
- Russell Cooper & Hubert Kempf, 2004. "Overturning Mundell : Fiscal policy in a monetary union," Post-Print halshs-00266420, HAL.
- Russell Cooper & Hubert Kempf, 2004. "Overturning Mundell : Fiscal policy in a monetary union," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00266420, HAL.
- Young Sik Kim & Manjong Lee, 2011. "Unit of Account, Medium of Exchange, and Prices," Discussion Paper Series 1104, Institute of Economic Research, Korea University.
- Russell Cooper, 2012.
"Exit from a Monetary Union through Euroization: Discipline without Chaos,"
NBER Working Papers
17908, National Bureau of Economic Research, Inc.
- Russell COOPER, 2012. "Exit from a Monetary Union through Euroization: Discipline without chaos," Economics Working Papers ECO2012/09, European University Institute.
- Artus P., 2001. "What Exchange - Rate System For Emerging Countries?," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 27-60, January -.
- Russell Cooper & Hubert Kempf, 2003. "Commitment and the Adoption of a Common Currency," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 119-142, February.
- Fischer, Björn & Köhler-Ulbrich, Petra & Seitz, Franz, 2004. "The demand for euro area currencies: past, present and future," Working Paper Series 330, European Central Bank.
- Stéphane Colliac, 2005. "Monnaies parallèles provinciales et fédéralisme budgétaire en Argentine," Revue d'Économie Financière, Programme National Persée, vol. 81(4), pages 251-269.
- Owen F. Humpage, 2002. "An incentive-compatible suggestion for seigniorage sharing with dollarizing countries," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Jun.
- Hsing, Y., 2004. "Responses of Argentine Output to Shocks to Monetary Policy, Fiscal Policy and Exchange Rates: A VAR Model," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
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.- Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777, March.
- Hwang, Chiun-Lin, 1989. "Optimal monetary policy in an open macroeconomic model with rational expectation," ISU General Staff Papers 1989010108000010197, Iowa State University, Department of Economics.
- Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020.
"What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC,"
Papers
2006.06274, arXiv.org, revised Aug 2022.
- Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2021. "What drives inflation and how? Evidence from additive mixed models selected by cAIC," Working Papers 2021-12, Swiss National Bank.
- Russell Cooper & Hubert Kempf, 2000.
"Designing Stabilization Policy in a Monetary Union,"
Econometric Society World Congress 2000 Contributed Papers
0529, Econometric Society.
- Russell W. Cooper & Hubert Kempf, 2000. "Designing stabilization policy in a monetary union," Working Papers (Old Series) 0001, Federal Reserve Bank of Cleveland.
- Russell W. Cooper & Hubert Kempf, 2000. "Designing Stabilization Policy in a Monetary Union," NBER Working Papers 7607, National Bureau of Economic Research, Inc.
- Russell Cooper & Hubert Kempf, 2000. "Designing Stabilization Policy in a Monetary Union," Boston University - Institute for Economic Development 99, Boston University, Institute for Economic Development.
- Russell Cooper & Hubert Kempf, 1998.
"Establishing a Monetary Union,"
NBER Working Papers
6791, National Bureau of Economic Research, Inc.
- Cooper, R. & Kempf, H., 2000. "Establishing a Monetary Union," Papiers d'Economie Mathématique et Applications 2000.28, Université Panthéon-Sorbonne (Paris 1).
- Russell Cooper & Hubert Kempf, 1998. "Establishing a Monetary Union," Boston University - Institute for Economic Development 88, Boston University, Institute for Economic Development.
- Erdinc Telatar & Funda Telatar & Tarkan Cavusoglu & Umur Tosun, 2010. "Political instability, political freedom and inflation," Applied Economics, Taylor & Francis Journals, vol. 42(30), pages 3839-3847.
- Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
- Pierpaolo Benigno & Luca Antonio Ricci, 2011.
"The Inflation-Output Trade-Off with Downward Wage Rigidities,"
American Economic Review, American Economic Association, vol. 101(4), pages 1436-1466, June.
- Pierpaolo Benigno & Luca Antonio Ricci, 2010. "The Inflation-Output Trade-off with Downward Wage Rigidities," NBER Working Papers 15762, National Bureau of Economic Research, Inc.
- Pierpaolo Benigno & Luca Antonio Ricci, 2010. "The Inflation-Output Trade-off with Downward Wage Rigidities," EIEF Working Papers Series 1020, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2010.
- Bordo, Michael D., 1986.
"Explorations in monetary history: A survey of the literature,"
Explorations in Economic History, Elsevier, vol. 23(4), pages 339-415, October.
- Michael D. Bordo, 1986. "Explorations in Monetary History: A Survey of the Literature," NBER Working Papers 1821, National Bureau of Economic Research, Inc.
- Casella, Alessandra, 1992.
"Participation in a Currency Union,"
American Economic Review, American Economic Association, vol. 82(4), pages 847-863, September.
- Casella, Alessandra, 1990. "Participation in a Currency Union," CEPR Discussion Papers 395, C.E.P.R. Discussion Papers.
- Alessandra Casella, 1990. "Participation in a Currency Union," NBER Working Papers 3220, National Bureau of Economic Research, Inc.
- Peter S. Yoo, 1998. "The FOMC in 1997: a real conundrum," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 27-40.
- Aurélien Goutsmedt, 2021.
"From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s,"
Revue d'économie politique, Dalloz, vol. 131(3), pages 557-582.
- Aurélien Goutsmedt, 2020. "From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s," Post-Print hal-03878374, HAL.
- Alex Cukierman, 1998.
"The Economics of Central Banking,"
International Economic Association Series, in: Holger C. Wolf (ed.), Contemporary Economic Issues, chapter 3, pages 37-82,
Palgrave Macmillan.
- Cukierman, A., 1996. "The Economics of Central Banking," Papers 36-96, Tel Aviv.
- Cukierman, A., 1996. "The Economics of Central Banking," Other publications TiSEM e8f7a23c-1058-4c68-b6b5-d, Tilburg University, School of Economics and Management.
- Cukierman, A., 1996. "The Economics of Central Banking," Discussion Paper 1996-31, Tilburg University, Center for Economic Research.
- Henri Bourguinat & Larbi Dohni, 2002. "La dollarisation comme solution en dernier ressort," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 57-96.
- Cooper, Russell & Kempf, Hubert & Peled, Dan, 2010.
"Regional debt in monetary unions: Is it inflationary?,"
European Economic Review, Elsevier, vol. 54(3), pages 345-358, April.
- Cooper, R. & Kempf, H. & Peled, D., 2007. "Regional Debt in Monetary Unions: Is it Inflationary?," Working papers 186, Banque de France.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," Post-Print halshs-00468945, HAL.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00468945, HAL.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional Debt in Monetary Unions: Is it Inflationary ?," Post-Print halshs-00344475, HAL.
- Hubert Kempf & Russell Cooper & Dan Peled, 2010. "Regional Debt in Monetary Unions: Is it Inflationary?," PSE-Ecole d'économie de Paris (Postprint) halshs-00468945, HAL.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional debt in monetary unions: is it inflationary?," Documents de travail du Centre d'Economie de la Sorbonne v08070, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Regional Debt in Monetary Unions: Is it Inflationary ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00344475, HAL.
- Gaballo, Gaetano, 2013.
"Good luck or good policy? An expectational theory of macro volatility switches,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2755-2770.
- Gaballo, G., 2012. "Good Luck or Good Policy? An Expectational Theory of Macro-Volatility Switches," Working papers 402, Banque de France.
- Alberto Alesina & Gerald D. Cohen & Nouriel Roubini, 1992.
"Macroeconomic Policy And Elections In Oecd Democracies,"
Economics and Politics, Wiley Blackwell, vol. 4(1), pages 1-30, March.
- Alberto Alesina & Gerald D. Cohen & Nouriel Roubini, 1991. "Macroeconomic Policy and Elections in OECD Democracies," NBER Working Papers 3830, National Bureau of Economic Research, Inc.
- Cohen, Gerald & Alesina, Alberto & Roubini, Nouriel, 1992. "Macroeconomic Policy and Elections in OECD Democracies," Scholarly Articles 4553023, Harvard University Department of Economics.
- Alesina, Alberto F & Cohen, Gerald D & Roubini, Nouriel, 1992. "Macroeconomic Policy and Elections in OECD Democracies," CEPR Discussion Papers 608, C.E.P.R. Discussion Papers.
- Lucas Papademos, 2005. "Macroeconomic theory and monetary policy: the contributions of Franco Modigliani and the ongoing debate," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 187-214.
- William R. White, 2013. "Is Monetary Policy a Science? The Interaction of Theory and Practice over the Last 50 Years," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 3, pages 73-116, SUERF - The European Money and Finance Forum.
- Robert J. Barro, 1983.
"Inflationary Finance under Discretion and Rules,"
Canadian Journal of Economics, Canadian Economics Association, vol. 16(1), pages 1-16, February.
- Robert J. Barro, 1982. "Inflationary Finance under Discrepion and Rules," NBER Working Papers 0889, National Bureau of Economic Research, Inc.
More about this item
Keywords
Dollarization;Lists
This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:Statistics
Access and download statisticsCorrections
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:fip:fedmqr:y:2001:i:sum:p:3-12:n:v.25no.3. 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: Kate Hansel (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.