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Central Bank Quasi-Fiscal Losses and High Inflation in Zimbabwe

Central Bank Quasi-Fiscal Losses and High Inflation in Zimbabwe( )
Author: Muoz, Snia
Series title:IMF Working Papers
ISBN:978-1-4623-5482-5
Publication Date:Apr 2007
Publisher:International Monetary Fund
Book Format:Ebook
List Price:USD $9.00
Book Description:

Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and credibility of the Reserve Bank of Zimbabwe (RBZ). Realized quasi-fiscal losses are estimated to have amounted to about 75 percent of GDP in 2006. Because they were financed by creating money creation or issuing RBZ securities, they contributed to the four-digit inflation reached in 2006. the remedy for the current situation is clearly to...
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Book Details
Pages:20
Physical Dimensions (W X L X H):8.5 x 11 x 0.03 Inches



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