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Avoiding some costs of inflation and crawling toward hyperinflation: the case of the Brazilian domestic currency substitute

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  • Marcio Goes Pinto Garcia

    (Department of Economics PUC-Rio)

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  • Marcio Goes Pinto Garcia, 1994. "Avoiding some costs of inflation and crawling toward hyperinflation: the case of the Brazilian domestic currency substitute," Textos para discussão 326, Department of Economics PUC-Rio (Brazil).
    • Handle: RePEc:rio:texdis:326
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    References listed on IDEAS

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    1. Hodrick, Robert J & Kocherlakota, Narayana R & Lucas, Deborah, 1991. "The Variability of Velocity in Cash-in-Advance Models," Journal of Political Economy, University of Chicago Press, vol. 99(2), pages 358-384, April.
    2. Persio Arida & André Lara Resende, 1985. "Inertial inflation and monetary reform in Brazil," Textos para discussão 85, Department of Economics PUC-Rio (Brazil).
    3. Dionisio Dias Carneiro & Marcio Gomes Pinto Garcia, 1993. "Capital flows and monetary control under a domestic currency substitution regime: The recent Brazilian experience," Textos para discussão 304, Department of Economics PUC-Rio (Brazil).
    4. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
    5. Eliana Cardoso, 1991. "From Inertia to Megainflation: Brazil in the 1980s," NBER Working Papers 3585, National Bureau of Economic Research, Inc.
    6. Don Patinkin, 1993. "Israel's Stabilization Program of 1985, or Some Simple Truths of Monetary Theory," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 103-128, Spring.
    7. Fischer, Stanley & Summers, Lawrence H, 1989. "Should Governments Learn to Live with Inflation?," American Economic Review, American Economic Association, vol. 79(2), pages 382-387, May.
    8. Allan Drazen & Elhanan Helpman, 1990. "Inflationary Consequences of Anticipated Macroeconomic Policies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 147-164.
    9. Simonsen, Mario Henrique & Cysne, Rubens Penha, 1994. "Welfare costs of inflation: the case for interest-bearing money and empirical estimates for Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 245, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    10. Cysne, Rubens Penha, 1993. "Imposto inflacionário e transferências inflacionárias no Brasil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 219, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    11. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, April.
    12. Michael Bruno & Stanley Fischer, 1990. "Seigniorage, Operating Rules, and the High Inflation Trap," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 353-374.
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    Cited by:

    1. repec:hal:wpspec:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    2. Jérôme Sgard, 2010. "Money Reconstructed: Argentina and Brazil after Hyperinflation," Working Papers hal-00972721, HAL.
    3. Ndambendia, Houdou, 2015. "Africa trade and investment with BRIC nations in a changing economic landscape: the role of China," MPRA Paper 71675, University Library of Munich, Germany.
    4. Márcio Gomes Pinto Garcia, 2002. "Public debt management, monetary policy and financial institutions," Textos para discussão 464, Department of Economics PUC-Rio (Brazil).
    5. Jérôme Sgard, 2010. "Money Reconstructed: Argentina and Brazil after Hyperinflation," SciencePo Working papers Main hal-00972721, HAL.
    6. repec:spo:wpecon:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    7. Nora Abu Asab & Juan Carlos Cuestas & Alberto Montagnoli, 2018. "Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-21, August.
    8. Joao Ayres & Marcio Garcia & Diogo Guillen & Patrick J. Kehoe, 2018. "The Monetary and Fiscal History of Brazil, 1960-2016," Staff Report 575, Federal Reserve Bank of Minneapolis.
    9. Albuquerque, Pedro H. & Gouvea, Solange, 2009. "Canaries and vultures: A quantitative history of monetary mismanagement in Brazil," Journal of International Money and Finance, Elsevier, vol. 28(3), pages 479-495, April.
    10. repec:spo:wpmain:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    11. Wilson Luiz Rotatori, 2006. "Dynamic Structural Models And The High Inflation Period In Brazil: Modelling The Monetary System," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 44, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    12. Afonso S. Bevilaqua & Márcio G. P. Garcia, 2002. "Banks, Domestic debt intermediation and confidence crises: the recent brazilian experience," Brazilian Journal of Political Economy, Center of Political Economy, vol. 22(4), pages 651-669.
    13. Rene Coppe Pimentel & Taufiq Choudhry, 2014. "Stock Returns Under High Inflation and Interest Rates: Evidence from the Brazilian Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(1), pages 71-92, January.
    14. repec:hal:spmain:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS

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