Fiscal discipline and exchange rate regimes : evidence from the Caribbean /

This paper assesses the nature of fiscal discipline under alternative exchange rate regimes. First, it shows in a simple theoretical framework that fiscal agencies under a currency union with a fixed exchange rate can have the largest incentive to overspend or "free-ride" (compared to thos...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Duttagupta, Rupa (Autor), Tolosa, Guillermo (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006.
Colección:IMF working paper ; WP/06/119.
Temas:
Fiscal policy > Caribbean Area > Econometric models.
Foreign exchange rates > Caribbean Area > Econometric models.
Politique fiscale > Caraïbes (Région) > Modèles économétriques.
Taux de change > Caraïbes (Région)
Taux de change > Caraïbes (Région) > Modèles économétriques.
Fiscal policy > Econometric models
Foreign exchange rates > Econometric models
Caribbean Area
Acceso en línea:Texto completo
Tabla de Contenidos:
  • ""Contents""; ""I. INTRODUCTION""; ""II. FIXED EXCHANGE RATES, CURRENCY UNIONS, AND FISCAL DISCIPLINE""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSION""; ""REFERENCES""

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