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Do Centrally Planned Economies Have Excessive Money Stocks?

April 26, 2017centrally economies money planned stocks

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Do Centrally Planned Economies Have Excessive Money Stocks?

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Author InfoGENE HSIN CHANG Abstract “This paper investigates the issue of monetary overhang in centrally planned economies (CPEs). The analysis compares the money stocks in CPEs with those in market economy counterparts. Contrary to conventional belief, the findings here suggest that the money stocks in traditional CPEs do not tend to be excessive. This implies that CPEs suffer more from structural distortion than from monetary overhang in their traditional stage”. Copyright 1994 Western Economic Association International. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.