 | Independent Currency Authorities : An Analytic Primer Author/Editor: Kent Osband, Delano Villanueva. Release Date:July, 1992 This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency against an exchange standard on demand more...
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| Can the Release of a Monetary Overhang Trigger Hyperinflation? Author/Editor: Kent Osband, Shoukang Lin. Release Date:March, 1992 It is widely feared that, once prices are decontrolled in the formerly centrally–planned economies, households’ release of previously accumulated money will trigger a more...
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| Energy Pricing in the Soviet Union Author/Editor: Manmohan S Kumar, Kent Osband. Release Date:December, 1991 Energy exports, which are already the primary source of Soviet convertible currency earnings and an important contributor to the budget, could bring in much more revenue if the Soviet Union were to more...
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| Index Number Biases During Price Liberalization Author/Editor: Kent Osband. Release Date:August, 1991 When a formerly centrally-planned economy frees prices and allows or compels producers to respond to market signals, conventional measures tend to severely overstate short–run output more...
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| General Equilibrium Under Shortage : A Generalized Barro-Grossman Model Author/Editor: Kent Osband. Release Date:June, 1991 In several recent articles, the Barro-Grossman model of general equilibrium under shortage has been modified to incorporate money demand and alternative retail sales mechanisms. This paper extends more...
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| Economic Crisis in a Shortage Economy Author/Editor: Kent Osband. Release Date:April, 1991 It is not unusual for reforming socialist economies to relax wage controls without hardening budget constraints on enterprises or freeing consumer goods prices. This policy can be dangerously more...
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