Some Specific Features of Inflation in a Heavily-indebted Socialist Country

Neven Mates

Chapter 11 in The Challenge of Simultaneous Economic Relations with East and West, 1990, pp 174-191 from Palgrave Macmillan

Abstract: Abstract Problems of simultaneous economic relations of individual countries with the ‘West’ and the ‘East’ have until the 1980s mainly been analysed in the sphere of visible and invisible trade. In this chapter, the sphere of analysis is the financial system. With respect to Yugoslavia, it will be shown that the institutional weaknesses of the domestic financial system, which is heavily burdened with debt to Western countries and at the same time has periodically significant balance-of-trade claims on Eastern countries, constitute one of the basic causes of inflation.

Keywords: Interest Rate; Central Bank; Foreign Exchange; Banking System; Commercial Bank (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11409-2_11

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DOI: 10.1007/978-1-349-11409-2_11

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