Postconflict Monetary Reconstruction

creativeworkseries.issn 1564-698X Adam, Christopher Collier, Paul Davies, Victor A.B. 2012-03-30T07:12:36Z 2012-03-30T07:12:36Z 2008-01-30
dc.description.abstract 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. en
dc.identifier.citation World Bank Economic Review
dc.identifier.issn 1564-698X
dc.publisher World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder 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 en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
dspace.entity.type Publication
okr.doctype Journal Article
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Governance 1
okr.language.supported en
okr.pagenumber 87
okr.pagenumber 112
okr.pdfurl wber_22_1_87.pdf en
okr.peerreview Academic Peer Review Ghana Bolivia Belize El Salvador
okr.topic Macroeconomics and Economic Growth
okr.topic Public Sector Development
okr.topic Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic Economic Theory and Research
okr.topic Fiscal and Monetary Policy
okr.volume 22
relation.isJournalIssueOfPublication 50bd9daf-dc4e-471a-8ac1-876be05c4985
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication 4c8baec9-4fd4-4228-8add-184b554e4a53
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