Costa Rica: The Next Stage-Reform without Volatility. A Report

Arbeitspapier

This study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments` inability or unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public finances due to large domestic debts and politically motivated expenditure cycles, underdeveloped financial markets, weak financial links abroad, and risky corporate financing. The paper recommends greater fiscal discipline, financial and policy independence for the Central Bank, improvements in financial system operations, and improving financial links abroad, further discussing the interdependence among these proposals.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 413

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Wirtschaftswachstum ; Investition ; Volatilität ; Finanzpolitik ; Geldpolitik ; Finanzmarkt ; Kreditmarkt ; Internationale Finanzierung ; Costa Rica

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Zamora, Rodrigo Bolaños
• Ereignis: Veröffentlichung
• (wer): Inter-American Development Bank, Office of the Chief Economist
• (wo): Washington, DC
• (wann): 1999

Weitere Informationen

• Handle: http://hdl.handle.net/10419/88030
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ