Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39257 
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dc.contributor.authorFreytag, Andreasen
dc.date.accessioned2010-08-25T11:28:39Z-
dc.date.available2010-08-25T11:28:39Z-
dc.date.issued2001-
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
dc.language.isoengen
dc.publisher|aUniversität zu Köln, Institut für Wirtschaftspolitik (iwp) |cKölnen
dc.relation.ispartofseries|aIWP Discussion Paper |x2001/4en
dc.subject.jelE50en
dc.subject.ddc330en
dc.subject.keywordMonetary Reformsen
dc.subject.keywordCredibilityen
dc.subject.keywordCommitmenten
dc.subject.keywordInstitutionsen
dc.subject.stwWährungsreformen
dc.subject.stwInflationsbekämpfungen
dc.subject.stwGlaubwürdigkeiten
dc.subject.stwInstitutionalismusen
dc.subject.stwSchätzungen
dc.subject.stwErfolgsfaktoren
dc.subject.stwWelten
dc.titleWhy have some monetary reforms succeeded and others not? An empirical assessment-
dc.type|aWorking Paperen
dc.identifier.ppn378730940en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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