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Price Stability and Financial Stability : The Historical Record / Michael D. Bordo, David C. Wheelock.
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View online- Format:
- Datafile
- Series:
- ICPSR (Series) ; 1191.
- ICPSR ; 1191
- Language:
- English
- Genre:
- Academic theses.
- Physical Description:
- 1 online resource.
- Place of Publication:
- Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 1999.
- System Details:
- Mode of access: World Wide Web.
- data file
- Summary:
- Many countries mandate inflation control as the paramount objective for monetary policy. Critics argue, however, that such a narrow focus compromises monetary authorities' responsibility to preserve stability of the financial system and that a more limited focus on inflation control could increase financial instability. The authors examine the economic histories of the United States, the United Kingdom, and Canada, and determine that most episodes of severe financial instability occurred during disinflationary periods that followed sustained inflation. They conclude that the evidence appears to support the claims of those who argue that control of inflation could enhance, rather than detract from, the stability of a financial system.
- Notes:
- Title from ICPSR DDI metadata of 2004-10-30.
- OCLC:
- 61145835
- Access Restriction:
- Restricted for use by site license.
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