Cover; Half Title; Title; Copyright; Contents; Acknowledgments; About the Contributors; Introduction: The Political Economy of Establishing Monetary Stability; PART ONE Aspects of the Political Economy of Inflation; 1 The High Costs of Monetary Instability; 2 Budget Deficits and Inflation: The Importance of Budget Controls for Monetary Stability; 3 Inflation and Optimal Seigniorage in the CIS and Eastern Europe; 4 The Politics of Inflation: An Empirical Assessment of the Emerging Market Economies; PART TWO Institutional Mechanisms for Promoting Economic Stability