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Financial repression, money growth, and seignorage: The Polish experience

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  • Bas Aarle
  • Nina Budina

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  • Bas Aarle & Nina Budina, 1997. "Financial repression, money growth, and seignorage: The Polish experience," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(4), pages 683-707, December.
    • Handle: RePEc:spr:weltar:v:133:y:1997:i:4:p:683-707
    DOI: 10.1007/BF02707408
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    References listed on IDEAS

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    1. Romer, David, 1985. "Financial intermediation, reserve requirements, and inside money: A general equilibrium analysis," Journal of Monetary Economics, Elsevier, vol. 16(2), pages 175-194, September.
    2. Demetriades, Panicos O & Luintel, Kul B, 1996. "Financial Development, Economic Growth and Banker Sector Controls: Evidence from India," Economic Journal, Royal Economic Society, vol. 106(435), pages 359-374, March.
    3. Croushore, Dean, 1993. "Money in the utility function: Functional equivalence to a shopping-time model," Journal of Macroeconomics, Elsevier, vol. 15(1), pages 175-182.
    4. Fry, Maxwell J., 1981. "Government revenue from monopoly supply of currency and deposits," Journal of Monetary Economics, Elsevier, vol. 8(2), pages 261-270.
    5. Brock, Philip L., 1984. "Inflationary finance in an open economy," Journal of Monetary Economics, Elsevier, vol. 14(1), pages 37-53, July.
    6. Tomás J. T. Baliño & Juhi Dhawan & V. Sundararajan, 1994. "Payments System Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe," IMF Staff Papers, Palgrave Macmillan, vol. 41(3), pages 383-410, September.
    7. Feenstra, Robert C., 1986. "Functional equivalence between liquidity costs and the utility of money," Journal of Monetary Economics, Elsevier, vol. 17(2), pages 271-291, March.
    8. Mr. Lazaros E. Molho, 1992. "Reserve Requirementson Bank Deposits a+L558s Implicit Taxes: A Case Study of Italy," IMF Working Papers 1992/018, International Monetary Fund.
    9. Roubini, Nouriel & Sala-i-Martin, Xavier, 1992. "Financial repression and economic growth," Journal of Development Economics, Elsevier, vol. 39(1), pages 5-30, July.
    10. Freeman, Scott, 1987. "Reserve requirements and optimal seigniorage," Journal of Monetary Economics, Elsevier, vol. 19(2), pages 307-314, March.
    11. Espinosa-Vega, Marco A, 1995. "Multiple Reserve Requirements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 762-776, August.
    12. Lane, Timothy D., 1992. "Inflation stabilization and economic transformation in Poland: The first year," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 36(1), pages 105-155, July.
    13. Bacchetta, Philippe & Caminal, Ramon, 1992. "Optimal seigniorage and financial liberalization," Journal of International Money and Finance, Elsevier, vol. 11(6), pages 518-538, December.
    14. John P Bonin, 1993. "On the Way to Privatizing Commercial Banks: Poland and Hungary Take Different Roads," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 35(4), pages 103-119, December.
    15. Hochreiter, Eduard & Rovelli, Riccardo & Winckler, Georg, 1996. "Central banks and seigniorage: A study of three economies in transition," European Economic Review, Elsevier, vol. 40(3-5), pages 629-643, April.
    16. Boswijk, Peter, 1993. "On the Formulation of Wald Tests on Long-Run Parameters," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(1), pages 137-144, February.
    17. Blanchard, Olivier Jean, 1994. "Transition in Poland," Economic Journal, Royal Economic Society, vol. 104(426), pages 1169-1177, September.
    18. Berg Andrew, 1994. "Does Macroeconomic Reform Cause Structural Adjustment? Lessons from Poland," Journal of Comparative Economics, Elsevier, vol. 18(3), pages 376-409, June.
    19. Mr. Charalambos Christofides & Mr. Paul Mylonas & Ms. Inci Ötker & Mr. Liam P. Ebrill & Mr. Gerd Schwartz & Mr. Ajai Chopra, 1994. "Poland: The Path to a Market Economy," IMF Occasional Papers 1994/003, International Monetary Fund.
    20. International Monetary Fund, 1994. "The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe," IMF Working Papers 1994/013, International Monetary Fund.
    21. Folkerts-Landau, David & Garber, Peter & Lane, Timothy, 1993. "Payment system reform in formerly centrally planned economics," Journal of Banking & Finance, Elsevier, vol. 17(5), pages 849-868, September.
    22. Giovannini, Alberto & de Melo, Martha, 1993. "Government Revenue from Financial Repression," American Economic Review, American Economic Association, vol. 83(4), pages 953-963, September.
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    More about this item

    Keywords

    E31; E41; E52;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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