Advertisement

Macroeconomic Stability and Seigniorage for Fiscal Revenue: East Asia versus Eastern Europe and the CIS

  • Koichiro Kimura
Chapter
  • 48 Downloads
Part of the IDE-JETRO book series (IDE)

Abstract

This chapter discusses the progress of transition in financial systems and economic stabilities in East Asian countries in comparison with those of Eastern Europe and the CIS. One of the purposes of transition is to raise the general economic level by transforming the social system from a planned economy to a market-based one. Clearly, the financial sphere will not be exempt from any such historic change.

Keywords

Money Supply Money Demand Transition Country International Financial Statistics Kyrgyz Republic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Brock, Phillip L. (1984) “Inflationary Finance in an Open Economy,” Journal of Monetary Economics 14(1), 37–54.CrossRefGoogle Scholar
  2. Cagan, Phillip (1956) “The Monetary Dynamics of Hyperinflation,” in Milton Friedman (ed.), Studies in the Quantity Theory of Money. Chicago: The University of Chicago Press.Google Scholar
  3. De Melo, Martha, Cevdet Denizer, Alan Gelb, and Stoyan Tenev (2001) “Circumstances and Choice: The Role of Initial Conditions and Policies in Transition Economies,” World Bank Economic Review 15(1), 1–31.CrossRefGoogle Scholar
  4. European Bank for Reconstruction and Development (EBRD) (1998) Transition Report 1998: Financial Sector in Transition. London: European Bank for Reconstruction and Development.Google Scholar
  5. European Bank for Reconstruction and Development (EBRD) (1999) Transition Report 1999: Ten Years of Transition. London: European Bank for Reconstruction and Development.Google Scholar
  6. European Bank for Reconstruction and Development (EBRD) (2003) Transition Report Update May 2003. London: European Bank for Reconstruction and Development.Google Scholar
  7. Falcetti, Elisabetta, Martin Raiser, and Peter Stanfey (2002) “Defying the Odds: Initial Conditions, Reforms, and Growth in the First Decade of Transition,” Journal of Comparative Economics 30(2), 229–50.CrossRefGoogle Scholar
  8. Fry, Maxwell J. (1998) “Can Seigniorage Revenue Keep China’s Financial System Afloat?” in Donald J.S. Brean (ed.), Taxation in Modern China. New York: Routledge.Google Scholar
  9. Lavigne, Marie (1999) The Economics of Transition: from Socialist Economy to Market Economy, 2nd edn. Basingstoke: Macmillan Press.CrossRefGoogle Scholar
  10. McKinnon, Ronald I. (1993) The Order of Economic Liberalization, 2nd edn. Baltimore: Johns Hopkins University Press.Google Scholar
  11. Nakagane, Katsuji (2002) Keizai hatten to Taisei ikoh (Economic Development and Structural Transition). Nagoya: Nagoya University Press (in Japanese).Google Scholar
  12. Romer, David (1996) Advanced Macroeconomics. New York: McGraw-Hill Companies, Inc.Google Scholar
  13. World Bank (1996) World Development Report, 1996: From Plan to Market. Washington, DC: World Bank.CrossRefGoogle Scholar

Copyright information

© Institute of Developing Economies (IDE), JETRO 2006

Authors and Affiliations

  • Koichiro Kimura

There are no affiliations available

Personalised recommendations