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  1. Exchange rate regimes and the stability of trade policy in transition economies
    Author: Drábek, Zdeněk; Brada, Josef C.
    Published: 1998
    Publisher:  WTO, Economic Research and Analysis Div., Genève

    This paper examines the interplay between exchange rate regimes and policies and commercial policy in six transition economies. In all these economies the rate of protection afforded domestic industry by the exchange rate has been eroded by high... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 122 (1998,7)
    Inter-library loan:
    No inter-library loan

     

    This paper examines the interplay between exchange rate regimes and policies and commercial policy in six transition economies. In all these economies the rate of protection afforded domestic industry by the exchange rate has been eroded by high rates of inflation and insufficient growth in productivity. As a result, there has been pressure on governments to increase trade barriers and each country examined has had recourse to various means of restricting imports. We argue that more flexible management of the nominal exchange rate would be a preferable way of dealing with the real appreciation of these countries' currencies. exchange rates, trade policy, transition economies.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/90691
    Edition: Manuscript date: July, 1998
    Series: Staff working paper ERAD ; 98-07
    Subjects: Elections; political business cycles; fiscal policies; public expenditure; developing countries
    Scope: Online-Ressourcee (31, 2 S.), graph. Darst.
  2. Fiscal policy cycles and public expenditure in developing countries
    Author: Schuknecht, Ludger
    Published: 1998
    Publisher:  WTO, Economic Research and Analysis Div., Genève

    The paper studies empirically the fiscal policy instruments by which governments try to influence election outcomes in 24 developing countries for the 1973-1992 period. The study finds that the main vehicle for expansionary fiscal policies around... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 122 (1998,6)
    Inter-library loan:
    No inter-library loan

     

    The paper studies empirically the fiscal policy instruments by which governments try to influence election outcomes in 24 developing countries for the 1973-1992 period. The study finds that the main vehicle for expansionary fiscal policies around elections is increasing public expenditure rather than lowering taxes, and public investment cycles seem particularly prominent. Institutional mechanisms which constrain discretionary expenditure policies and which strengthen fiscal control are therefore worthwhile considering to prevent opportunistic policy making around elections.

     
    Export to reference management software   RIS file
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/90683
    Edition: Manuscript date: April, 1998
    Series: Staff working paper ERAD ; 98-06
    Subjects: Elections; political business cycles; fiscal policies; public expenditure; developing countries
    Scope: Online-Ressourcee (20 S.)