25 April 1994 A macroeconomic equilibrium cannot be achieved without privatization, nor can stable prices be maintained without privatization. The latter claim is of great importance for the present phase in the reconstruction of the monetary system. Hyperinflation here was the result of the practice of financing public expenditure from the primary issue. Curbing the […]

You have reached a premium content area of TOL. To read this entire article please login if you are already a TOL subscriber.

Not a subscriber?

Annual membership costs only $55 per year for individuals ($33 for students) and organizational subscriptions start at $141 per year.

Subscribe today for access to:
Full access to the website, including premium articles videos, country reports and searchable archives (containing over 25,000 articles).

You can subscribe here to gain access to the entire website.