Should we fear deflation?

Article Abstract:

There are reasons to be concerned about deflation since the nominal interest rate has a lower bound at zero. Deflation will lead to high interest rates if prices fall very quickly and result in large transfer of wealth from debtors to creditors if prices fall very significantly. High interest rates due to deflation will depress investments, lower demand and create unemployment. The institutional structures of the labor market protect the economy from the destructive effects of debt-deflation. However, unemployment rates will rise significantly as the inflation rate reaches zero.

Research, Inflation (Finance), Inflation (Economics), Deflation (Finance), Deflation (Economics)

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One more push

Article Abstract:

More Sri Lankan corporations are offering their shares publicly through listings at the Colombo Stock Exchange (CSE). Correspondingly, the CSE All-Share Index exhibited a rise of 118% in 1991. The Sri Lankan government can harness this growth to support the state's financial reforms by expanding corporate advantages in public offerings and shareholder benefits in purchasing. These incentives can be identified through a review of taxation policies, share allotment regulations and large-transaction procedures.

Laws, regulations and rules, Stock-exchange, Stock exchanges, Sri Lanka, Securities, Colombo Stock Exchange

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Unthinkable acts

Article Abstract:

An overview is presented of the books of crime author Patricia Highsmith, referred to by author Graham Greene as 'the poet of apprehension'. Although American born, Highsmith's work never gained as much success in her homeland as it did in Europe.

United States, Portrayals, Crime, Women writers, Bibliography, Women authors, Highsmith, Patricia

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