Africa's Rising Inflation: Causes, Consequences, and Cures
Ajay Chhibber
Jan 1991 · Policy, research, and external affairs working papers Book 577 · World Bank Publications
Ebook
30
Pages
About this ebook
Is there a link between devaluation and high inflation? It depends on accompanying monetary and fiscal policies and the presence of parallel markets. An open capital account would curtail fiscal profligacy and provide price stability without jeopardizing growth.
Is there a link between devaluation and high inflation? It depends on accompanying monetary and fiscal policies and the presence of parallel markets. An open capital account would curtail fiscal profligacy and provide price stability without jeopardizing growth.
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