But this was the first European country to introduce the 'shock therapy
' method, which entailed a complete overhaul of all our laws, regulations and procedures within a span of one to two years.
Rather than administer shock therapy
to a weak economy, the RBI prefers to dis-inflate over time rather than abruptly, while being prepared to do what is necessary if the economy deviates from the projected inflation path," said Rajan.
Launched in January 1992, shock therapy
unleashed hyperinflation that wiped out savings and drastically reduced wages and pensions, both of which over the next several years were paid at very irregular intervals, often weeks or even months late.
Zurabyan said that the Armenian Government neglects the fact that it is possible to apply the "shock therapy
" policy only in
While everyone would agree with the goal of unifying the two rates, the application of the "shock therapy
" overnight was ill-advised because rapid devaluation can produce economic shocks.
Highland, "a famous, progressive hospital" in Asheville, North Carolina, the setting for Southern writer Lee Smith's new novel, was known for its emphasis on diet and exercise to treat mental illness -- and for its use of Metrazol convulsion treatment, also known as shock therapy
The hospital includes outpatient clinic for addiction treatment, accident and emergency department, radiology lab, electroencephalography, in addition to day unit, management section and wards to inpatients, electric shock therapy
and general services.
The hospital includes outpatient clinic and outpatient clinic for addiction treatment, accident and emergency department, radiology lab, electroencephalography, in addition to day unit, management section and wards to inpatients, electric shock therapy
and general services.
The minister added that relations between the EU and Turkey needed a "shock therapy
This was typical of Khrushchev's "shock therapy
" -- threats were made, but did not materialize.
If we consider, in Thermal Medicine that a shower is a projection of water on the individual, this stage of the nineteenth century is a peculiar event because it was used several kind of showers which have not been used again, most of the time to break the sick and other to cause them a real shock therapy
Gallois has already said that to increase competitiveness, France needs "shock therapy
" through a rapid payroll tax cut worth 30bn to 50bn euros financed by increasing other taxes.