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Special features of inflation in developing and transition countries. (includes related article)(The Rise and Fall of Inflation - Lessons from the Postwar Experience)
From:
World Economic Outlook
| Date:
October 1, 1996
| COPYRIGHT 1996 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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The inflationary process in many developing and transition countries differs from that in the industrial countries because of the larger role of fiscal deficits, which in turn partly reflects the limited development of domestic financial markets. Additional, albeit temporary, complications in many transition countries have been the role of price liberalization and the existence of monetary overhangs.
Fiscal pressures have contributed greatly to inflationary surges and to chr...
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