Postconflict Monetary Reconstruction

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 governme...

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Veröffentlicht in:	The World Bank economic review 2008-01, Vol.22 (1), p.87-112
Hauptverfasser:	Adam, Christopher, Collier, Paul, Davies, Victor A.B.
Format:	Artikel
Sprache:	eng
Schlagworte:	A Symposium on Post-Conflict Transitions asset substitution assets Bank reserves capital flight Civil war Civil wars Currency Defense spending discount rate Economic development Economic growth Economic performance Estimation Exchange rates Expenditures F35 Foreign aid GDP Government Government spending Gross Domestic Product H56 Income elasticity of demand Inflation Inflation rates Monetary policy Money demand O10 Peacetime Post-conflict reconstruction Post-conflict societies Postwar reconstruction Private sector Public infrastructure rate of inflation seigniorage seigniorage revenue War World Bank
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