01732cas a2200241 a 4500 AALejournalIMF000935 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849851 1018-5941 BD-DhAAL BD-DhAAL Hernandez-Cata, Ernesto. Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy / Ernesto Hernandez-Cata. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the influence of economic liberalization and monetary growth on inflation during the transition from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of liberalization has been related to geographic proximity to market economies, to the size of the underground economy, and to the degree of political freedom. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/076 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/076/001.1999.issue-076-en.xml IMF e-Library