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dc.contributor.authorFreytag, Andreasen_US
dc.date.accessioned2010-08-25T11:28:39Z-
dc.date.available2010-08-25T11:28:39Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/39257-
dc.description.abstractMonetary history is characterised by crisis and reform. The paper is dedicated to an explanation of what makes monetary reforms successful. A cross-sectional econometric analysis is chosen to deal with 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 monetary commitment, the consideration of institutional constraints and abstinence from the money press are crucial for the success of a monetary reform.en_US
dc.language.isoengen_US
dc.publisherInstitut für Wirtschaftspolitik Kölnen_US
dc.relation.ispartofseriesIWP discussion paper 2001/4en_US
dc.subject.jelE50en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary Reformsen_US
dc.subject.keywordCredibilityen_US
dc.subject.keywordCommitmenten_US
dc.subject.keywordInstitutionsen_US
dc.subject.stwWährungsreformen_US
dc.subject.stwInflationsbekämpfungen_US
dc.subject.stwGlaubwürdigkeiten_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwSchätzungen_US
dc.subject.stwErfolgsfaktoren_US
dc.subject.stwWelten_US
dc.titleWhy have some monetary reforms succeeded and others not? An empirical assessmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn378730940en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:iwp Discussion Papers, Institut für Wirtschaftspolitik, Universität Köln

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