Case Studies

Imad A. Moosa

Chapter 9 in Exchange Rate Regimes, 2005, pp 225-249 from Palgrave Macmillan

Abstract: Abstract This case study draws heavily on Moosa (2004a, 2004b). Iraq is a case of a postwar country that experienced hyperinflation resulting from excessive currency printing. Between 1991 and 1995, the nominal value of the currency in circulation jumped from 22 billion to 584 billion, giving rise to an average annual inflation rate of 250 per cent. Monetary reform in post-Saddam Iraq is an issue that has been dealt with in the academic literature (for example, Hanke, 2003a; Roubini and Sester, 2003), in the media (for example, Hanke, 2003b) and in policy documents (for example, Sanford, 2003). King (2004) used the case of Iraq to demonstrate that expectations of future collective decisions can have a major impact on the value of a currency, irrespective of the policies pursed by the current government.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Foreign Exchange; Exchange Rate Regime (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50442-4_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230504424

DOI: 10.1057/9780230504424_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().