Central Bank of Nigeria Library

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Dollars and deficits : inflation, monetary policy and the balance of payments /

By: Material type: TextTextPublication details: Englewood Cliffs, N.J.: Prentice-Hall, c1968.Description: viii, 279 pSubject(s): DDC classification:
  • 332.4'9 FRI
LOC classification:
  • HG538 .F856 1968
Summary: The book is divided into three sections dealing with inflation, monetary policy and balance of payments. In an introductory essay, the author posits his belief that the major reasons for differences of opinion among economists on these problems are differences not in values, but in scientific judgments about both economic and non-economic effects. In the first section of the book, It also stresses the following key concepts: (1) That inflation is always and everywhere a monetary phenomenon, initially produced by a rapid growth in the quantity of money; (2) that the reasons for the rapid growth in the quantity of money vary; (3) that inflation has very different effects when it is anticipated than when it is not; and (4) that attempts to suppress price rises without removing their basic source do more harm than good.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.4'9 FRI (Browse shelf(Opens below)) Available 31008100150610

Bibliographical footnotes.

The book is divided into three sections dealing with inflation, monetary policy and balance of payments. In an introductory essay, the author posits his belief that the major reasons for differences of opinion among economists on these problems are differences not in values, but in scientific judgments about both economic and non-economic effects. In the first section of the book, It also stresses the following key concepts: (1) That inflation is always and everywhere a monetary phenomenon, initially produced by a rapid growth in the quantity of money; (2) that the reasons for the rapid growth in the quantity of money vary; (3) that inflation has very different effects when it is anticipated than when it is not; and (4) that attempts to suppress price rises without removing their basic source do more harm than good.

usc 14/05/18

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