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Project appraisal in inflationary conditions (Английский)

Inflation results in large fluctuations in relative prices that create numerous difficulties for those who must make project appraisals and who must establish intermediaries like development banks, agricultural credit banks, and building societies. The two aspects of project evaluation that are relevant are the appraisal of economic merit and the appraisal of financial viability. The problems can be dealt with by distinguishing between project benefits...
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