01597cas a2200229 a 4500 AALejournalIMF011503 230101c9999 xx r poo 0 0eng d 9781616352783 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. External Relations Dept. Finance and Development, June 1965. Washington, D.C. : International Monetary Fund, 1965. 1 online resource (72 pages) Finance and Development <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 analyzes the effect of rapid inflation on a country's international position. The paper highlights that when prices and costs in any country rise rapidly, goods produced in the country soon become more expensive than similar goods produced abroad. Unless the exchange rate changes, this encourages imports and discourages exports. As prices in a country rise more rapidly than in the rest of the world, individuals in that country tend to turn from buying these increasingly expensive products of their own industries to the relatively cheaper foreign goods. Mode of access: Internet Finance and Development; Finance and Development ; No. 0002/002 Full text available on IMF http://elibrary.imf.org/view/journals/022/0002/002/022.0002.issue-002-en.xml IMF e-Library