Hidden Bibliographic Details
| Other authors / contributors: | Adedeji, Olumuyiwa S.
International Monetary Fund. Middle Eastern Department.
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| ISBN: | 1451900228
9781451900224
1462382193
9781462382194
1452721971
9781452721972
1282106449
9781282106444
9786613799791
6613799793
9781451854978
1451854978
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| Notes: | Includes bibliographical references (page 28).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran. An empirical model was estimated by taking into consideration disequilibria in the markets for money, foreign exchange, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and stabilize the foreign exchange market. The estimation shows that an excess money supply generates an increase in the rate of inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for money and exerting pressures on the foreign exchange market. The study also found that a permanent rise in real income tends to increase the real demand for money and reduces inflation in the long run.
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| Other form: | Print version: Liu, O. (Olin). Determinants of inflation in the Islamic Republic of Iran. [Washington, D.C.] : International Monetary Fund, Middle Eastern Dept., ©2000
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| Standard no.: | 10.5089/9781451900224.001
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