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- W2266166502 abstract "Mexico and Argentina in the 1990s as well as Weimar Germany in the 1920s implemented similar exchange-rate-based stabilization programs which were successful in stopping inflation, but failed to generate the domestic savings and investment rates necessary for a sustainable growth path. It is argued that in both cases substantial foreign capital inflows were attracted by a stable nominal exchange rate and high interest rates, which alleviated the distributional struggle driving high inflation. However, this incentive structure caused a profit squeeze in the tradable goods sector due to an appreciating real exchange rate precipitating the ultimate collapse of the programs." @default.
- W2266166502 created "2016-06-24" @default.
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- W2266166502 date "2001-01-01" @default.
- W2266166502 modified "2023-09-27" @default.
- W2266166502 title "Economic stagnation in Weimar Germany: A structuralist perspective" @default.
- W2266166502 hasPublicationYear "2001" @default.
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