Suriname : A Case Study of High Inflation

Suriname recently went through a period of destabilizationthat that bordered on hyperinflation. The country's experience provides a good illustration to study the genesis and dynamics of high inflation and includes some unusual phenomena, such as a monetary overhang, an eight-tiered exchange ra...

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Main Author: Shah, Sukhdev
Other Authors: Braumann, Benedikt
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999, 1999
Series:IMF Working Papers; Working Paper
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:Suriname recently went through a period of destabilizationthat that bordered on hyperinflation. The country's experience provides a good illustration to study the genesis and dynamics of high inflation and includes some unusual phenomena, such as a monetary overhang, an eight-tiered exchange rate, and inflationary gold purchases by the central bank. High inflation also had a significant impact on the real economy. This paper compares the experience of Suriname with other countries discussed in the recent stabilization literature. It finds strong evidence of intertemporal demand effects, which occurred as the public reacted to the temporary bout of high inflation
Physical Description:24 p.
ISBN:9781451857474
1451857470