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Post-conflict monetary reconstruction

Abstract:

During civil war governments typically resort to inflation to raise revenue. In this paper we model and quantify this phenomenon and then apply it to the choices and constraints faced in the post-conflict period. We show that far from there being a fiscal peace dividend, post-conflict governments tend to face even more pressing needs than during war. In consequence, in the absence of post-conflict aid, inflation sharply increases, frustrating a more general monetary recovery. Aid decisively t...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Author's Original

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Publisher copy:
10.1093/wber/lhm020

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Institution:
University of Oxford
Oxford college:
St Cross College
Department:
Social Sciences Division - Economics
More by this author
Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Oxford college:
St Antony's College
Department:
Social Sciences Division - Economics
More by this author
Institution:
University of Oxford
Research group:
Centre for the Study of African Economies
Oxford college:
St Cross College
Department:
Social Sciences Division - Economics
Publisher:
Oxford University Press Publisher's website
Journal:
The World Bank Economic Review Journal website
Volume:
22
Issue:
1
Pages:
87-112
Publication date:
2008
DOI:
EISSN:
1564-698X
ISSN:
0258-6770
URN:
uuid:e032f256-01ae-4f52-b740-733567cd5197
Local pid:
ora:1695
Language:
English
Keywords:
Subjects:

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