About
Contact
Help
Sending publications
How to publish
Advanced Search
View Item 
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
  •   Home
  • Facultad de Economía y Negocios
  • Artículos de revistas
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse byCommunities and CollectionsDateAuthorsTitlesSubjectsThis CollectionDateAuthorsTitlesSubjects

My Account

Login to my accountRegister
Biblioteca Digital - Universidad de Chile
Revistas Chilenas
Repositorios Latinoamericanos
Tesis LatinoAmericanas
Tesis chilenas
Related linksRegistry of Open Access RepositoriesOpenDOARGoogle scholarCOREBASE
My Account
Login to my accountRegister

High inflations and the financial System

Artículo
Thumbnail
Open/Download
IconAxel_Leijonhufvud.pdf (1.908Mb)
Date
1994-12
Metadata
Show full item record
Cómo citar
Leijonhufvud, Axel
Cómo citar
High inflations and the financial System
.
Copiar
Cerrar

Author
  • Leijonhufvud, Axel;
Abstract
The paper surveys the consequences of high inflation for the domestic financial system. The damage that these inflations do to the institutions and markets that finance the growth of financially stable countries is briefly described and explained. Among the effects considered: intermediation is strangled, financial institutions become overstaffed and inefficient, markets for bonds of medium and long term disappear as do contracts of all but the shortest maturities. Moreover, the financial innovation that high inflations trigger, such as indexation and dollarization of various kinds of transactions, are mostly evidence of diversion of talent and energies into financial activities that would be superfluous under conditions of monetary stability.
Identifier
URI: https://repositorio.uchile.cl/handle/2250/128102
Quote Item
Estudios de Economía, Vol. 21, No. 2, Diciembre 1994 Págs. 163-177
Collections
  • Artículos de revistas
xmlui.footer.title
31 participating institutions
More than 73,000 publications
More than 110,000 topics
More than 75,000 authors
Published in the repository
  • How to publish
  • Definitions
  • Copyright
  • Frequent questions
Documents
  • Dating Guide
  • Thesis authorization
  • Document authorization
  • How to prepare a thesis (PDF)
Services
  • Digital library
  • Chilean academic journals portal
  • Latin American Repository Network
  • Latin American theses
  • Chilean theses
Dirección de Servicios de Información y Bibliotecas (SISIB)
Universidad de Chile

© 2020 DSpace
  • Access my account