Money, Inflation, and Deficit in Egypt

Marcelo Giugale‏ · Hinh T. Dinh‏

ינו׳ 1990 · Policy, research, and external affairs working papers ספר 553 · World Bank Publications

מידע על הספר הדיגיטלי הזה

Despite huge public sector deficits, Egypt has escaped high inflation by depleting three nonrecoverable assets: creditworthiness, money illusion, and enforceable foreign- exchange controls. Without a tough reform program, the country will soon be in a serious crisis.