Relating debt to inflation among transition economies: a blueprint from mature economies?/ created by Trond-Arne Borgersen and Roswitha M. King
Material type: TextSeries: Comparative economic studies ; Volume 55, number 4Basingstoke: Palgrave Macmillan, 2013Content type:- text
- unmediated
- volume
- 08887233
- HB90 COM
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HB90 COM (Browse shelf(Opens below)) | Vol. 55, no.4 (pages 606-635) | SP17886 | Not for loan | For In House Use Only |
Do transition economies carry features distinct from those of mature economies? Exploring the relation between debt and inflation in mature and transition economies in a two-sector model with endogenous industrial structure, structural factors are shown to hinder achieving balanced performance on debt and inflation for transition economies, quite distinct from mature economies. The Maastricht criteria on debt and inflation, making no distinction between these types of economies, serve as a frame of reference. Should both types of economies face the same euro-zone entry conditions? As our reasoning shows how one size does not fit all, our answer is no.
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