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Financial Markets and Inflation Under Imperfect Information

Financial Markets and Inflation Under Imperfect Information »

Source: Financial Markets and Inflation Under Imperfect Information

Volume/Issue: 1994/63

Series: IMF Working Papers

Author(s): Jose De Gregorio , and Federico Sturzenegger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

ISBN: 9781451848359

Keywords: inflation, effects of inflation, high inflation, rate of inflation, rates of inflation

This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of financial intermediaries to distinguish among heterogenous firms is reduced as inflation rises. This po...

Financial Markets and Inflation Under Imperfect Information

Financial Markets and Inflation Under Imperfect Information »

Volume/Issue: 1994/63

Series: IMF Working Papers

Author(s): Jose De Gregorio , and Federico Sturzenegger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

DOI: http://dx.doi.org/10.5089/9781451848359.001

ISBN: 9781451848359

Keywords: inflation, effects of inflation, high inflation, rate of inflation, rates of inflation

This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of financial intermediaries to distinguish among heterogenous firms is reduced as inflation rises. This po...

Smuggling, Currency Substitution and Unofficial Dollarization
			: A Crime-Theoretic Approach

Smuggling, Currency Substitution and Unofficial Dollarization : A Crime-Theoretic Approach »

Volume/Issue: 2000/176

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Steven Russell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

DOI: http://dx.doi.org/10.5089/9781451858808.001

ISBN: 9781451858808

Keywords: Seigniorage, foreign currency, equation, difference equation, probability, optimization

Large stocks of U.S. dollars and other hard currencies circulate in the transition economies, in Latin America, and in other countries that have experienced macroeconomic mismanagement. Using a monetary model that...

Smuggling, Currency Substitution and Unofficial Dollarization

Smuggling, Currency Substitution and Unofficial Dollarization »

Source: Smuggling, Currency Substitution and Unofficial Dollarization : A Crime-Theoretic Approach

Volume/Issue: 2000/176

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Steven Russell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451858808

Keywords: Seigniorage, foreign currency, equation, difference equation, probability, optimization

Large stocks of U.S. dollars and other hard currencies circulate in the transition economies, in Latin America, and in other countries that have experienced macroeconomic mismanagement. Using a monetary model that...