Arbeitspapier

Exchange rate regimes and the stability of trade policy in transition economies

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.

Sprache
Englisch

Erschienen in
Series: WTO Staff Working Paper ; No. ERAD-98-07

Klassifikation
Wirtschaft
Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and Aid
Trade Policy; International Trade Organizations
International Monetary Arrangements and Institutions
Thema
Elections
political business cycles
fiscal policies
public expenditure
developing countries

Ereignis
Geistige Schöpfung
(wer)
Drabek, Zdenek
Brada, Josef C.
Ereignis
Veröffentlichung
(wer)
World Trade Organization (WTO)
(wo)
Geneva
(wann)
1998

DOI
doi:10.30875/78c96b96-en
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Drabek, Zdenek
  • Brada, Josef C.
  • World Trade Organization (WTO)

Entstanden

  • 1998

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