| dc.creator | Adam, Christopher | |
| dc.creator | Collier, Paul | |
| dc.creator | Davies, Victor A.B. | |
| dc.date | 2012-03-30T07:12:36Z | |
| dc.date | 2012-03-30T07:12:36Z | |
| dc.date | 2008-01-30 | |
| dc.date.accessioned | 2023-02-18T19:41:05Z | |
| dc.date.available | 2023-02-18T19:41:05Z | |
| dc.identifier | World Bank Economic Review | |
| dc.identifier | 1564-698X | |
| dc.identifier | http://hdl.handle.net/10986/4473 | |
| dc.identifier.uri | http://localhost:8080/xmlui/handle/CUHPOERS/249958 | |
| dc.description | During civil wars governments typically resort to inflation to raise revenue. A model of this phenomenon is presented, estimated, and applied to the choices and constraints faced during the postconflict period. The results show that far from there being a fiscal peace dividend, postconflict governments tend to face even more pressing needs after than during war. As a result, in the absence of postconflict aid, inflation increases sharply, frustrating a more general monetary recovery. Aid decisively transforms the path of monetary variables in the postconflict period, enabling the economy to regain peacetime characteristics. Postconflict aid thus achieves a monetary "reconstruction" analogous to its more evident role in infrastructure. | |
| dc.publisher | World Bank | |
| dc.rights | CC BY-NC-ND 3.0 IGO | |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/igo | |
| dc.rights | World Bank | |
| dc.subject | asset substitution | |
| dc.subject | assets | |
| dc.subject | capital flight | |
| dc.subject | discount rate | |
| dc.subject | inflation | |
| dc.subject | monetary policy | |
| dc.subject | money demand | |
| dc.subject | rate of inflation | |
| dc.subject | seigniorage | |
| dc.subject | seigniorage revenue | |
| dc.title | Postconflict Monetary Reconstruction | |
| dc.type | Journal Article | |
| dc.type | Journal Article | |
| dc.coverage | Ghana | |
| dc.coverage | Bolivia | |
| dc.coverage | Belize | |
| dc.coverage | El Salvador |
| Files | Size | Format | View |
|---|---|---|---|
| wber_22_1_87.pdf | 388.6Kb | application/pdf |
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