1992-10-01, English, Article, Journal or magazine article edition: Inflation and stabilization in Yugoslavia. Rocha, Roberto de Rezende

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Physical Description
  • table
  • graph
  • Magazine/​Journal article
Published
  • Western Economic Association International, 1992 Oct
Language
  • English

Edition details

Title
  • Inflation and stabilization in Yugoslavia.
Appears In
  • Contemporary Policy Issues, v10, no.n4, 1992 Oct, p21(18) (ISSN: 0735-0007)
Author
  • Rocha, Roberto de Rezende
Published
  • Western Economic Association International, 1992 Oct
Physical Description
  • table
  • graph
  • Magazine/​Journal article
Subjects
Target Audience
  • Academic
Summary
  • This paper examines the main causes of the acceleration of inflation in Yugoslavia during the 1980s and Yugoslavia's last attempt at stabilization in 1990. Yugoslav inflation shares common elements with inflation in other highly indebted countries despite appearances otherwise. Like these other countries, Yugoslavia failed to make internal adjustments to match a large transfer to resources abroad, resulting in a large internal redistribution to real resources through inflation. However, in Yugoslavia these internal conditions were not transparent. Instead of an open fiscal deficit, complex interactions took place among enterprises, banks, and the central bank, involving the central bank's absorption and servicing of a large stock of foreign exchange liabilities.Failure to correct hidden losses in the economy was the main reason that various stabilization attempts failed during the 1980s. The 1990 program was the first to recognize the existence of those hidden losses and the need for a fiscal correction. The program succeeded in eliminating the central bank's own deficit and was initially successful in fighting inflation, but pressures to finance enterprises and avoid a liquidity crisis in the financial system resulted in a relaxation of monetary policy and a revival of inflation. Seen from this angle, the Yugoslav program of 1990 resembles other heterodox programs that had initial success in reducing inflation but later faltered because of an insufficient fiscal adjustment.
Notes
  • table
  • graph
Terms of Use
  • COPYRIGHT 1992 Western Economic Association International
Language
  • English
Database
  • Gale Academic OneFile
  • Gale General OneFile
  • Gale Expanded Academic
Identifier
  • 13592893

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Australian Catholic University. North Sydney Campus Library. Open to the public ACQ-0771; BPO CD-ROM ASK AT INFORMATION DESK <ACQ-0771> Periodical; Journal, magazine, other English
Bond University. John and Alison Kearney Library . Open to the public 990000046650402381; HD72 .C66; No. 1 (Oct. 1982)- v. 11, no. 4 (Oct. 1993). Periodical; Journal, magazine, other English
CAVAL. CARM Centre. May not be open to the public brn.151726; Held; 2(1983:01)-3:3(1985) Inc Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001079673; Full Text Available; ABI/INFORM - Available from 1982 until 1985 Periodical; Journal, magazine, other English
CSIRO. Library Services. Not open to the public 406401; Online access. Available for document delivery. Restrictions apply.; No. 1 (1982)-v. 11 (1993) Periodical; Journal, magazine, other English
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James Cook University. Townsville Campus Library. Open to the public (M) 330 P45 <137281>; Vol. 2, no. 4 - v. 3, no. 3 pt. 2; 1984 - 1985 Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 992326410802171; HC10 .C63; No 1(1982)-11(1993) Periodical; Journal, magazine, other English
National Library of Australia. Open to the public S 330.5 CON; No. 1; no. 3-v. 11, no. 4; Oct. 1982; Apr. 1983-Oct. 1993 Periodical; Journal, magazine, other English
Productivity Commission. Melbourne Office Library. May not be open to the public JOURNAL; Vol. 1-Vol.11; 1982-1993; Shelved with current title Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
The University of Melbourne. The University Library. Open to the public Ba P 338.973005 CONT; v.1-v.11,no.4; Oct.1982-1993 Periodical; Journal, magazine, other English
University of Newcastle. University of Newcastle Library. Open to the public 330.5/102; v.2,no.1-v.3,no.1; Oct.1982-Sept.1984 Periodical; Journal, magazine, other English
University of Queensland. University of Queensland Library. Open to the public b10091014; sshp HC101 .C65 : 1(1982)-11(1993) Microform; Periodical; Journal, magazine, other English
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Australian Catholic University. North Sydney Campus Library. Open to the public ACQ-0771; BPO CD-ROM ASK AT INFORMATION DESK <ACQ-0771> Periodical; Journal, magazine, other English
Charles Sturt University. CSU Library - Electronic Resources (shared). Open to the public 001079673; Full Text Available; ABI/INFORM - Available from 1982 until 1985 Periodical; Journal, magazine, other English
Macquarie University. Macquarie University Library. Open to the public 992326410802171; HC10 .C63; No 1(1982)-11(1993) Periodical; Journal, magazine, other English
Southern Cross University. University Library Lismore. Open to the public Electronic resource - Check catalogue for holdings Periodical; Journal, magazine, other English
University of Newcastle. University of Newcastle Library. Open to the public 330.5/102; v.2,no.1-v.3,no.1; Oct.1982-Sept.1984 Periodical; Journal, magazine, other English
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Bond University. John and Alison Kearney Library . Open to the public 990000046650402381; HD72 .C66; No. 1 (Oct. 1982)- v. 11, no. 4 (Oct. 1993). Periodical; Journal, magazine, other English
Griffith University. Griffith University Library. Open to the public .b12237772; Electronic Resource : Publ. may restrict Doc. Del. Periodical; Journal, magazine, other English
James Cook University. Townsville Campus Library. Open to the public (M) 330 P45 <137281>; Vol. 2, no. 4 - v. 3, no. 3 pt. 2; 1984 - 1985 Periodical; Journal, magazine, other English
University of Queensland. University of Queensland Library. Open to the public b10091014; sshp HC101 .C65 : 1(1982)-11(1993) Microform; Periodical; Journal, magazine, other English
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CSIRO. Library Services. Not open to the public 406401; Online access. Available for document delivery. Restrictions apply.; No. 1 (1982)-v. 11 (1993) Periodical; Journal, magazine, other English
Productivity Commission. Melbourne Office Library. May not be open to the public JOURNAL; Vol. 1-Vol.11; 1982-1993; Shelved with current title Periodical; Journal, magazine, other English
The University of Melbourne. The University Library. Open to the public Ba P 338.973005 CONT; v.1-v.11,no.4; Oct.1982-1993 Periodical; Journal, magazine, other English
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