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The estimation of an ordered probit model for currency reforms trying to end 31hyperinflations and three big inflations of the 20th century shows that the introduction of anindependent central bank and the adoption of a credibly fixed exchange rate are crucial for the successof a currency...
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Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long …-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation … and sociologists looking to imrpove their knowledge of monetary regimes and inflation. Bankers, businessmen and …
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