The exchange rate and fiscal consolidation episodes in emerging market economies

Amine Mati and John Thornton ()

Economics Letters, 2008, vol. 100, issue 1, pages 115-118

Abstract: An analysis of fiscal consolidations in emerging market economies during 1970-2004 suggests that exchange rate depreciation raises the probability of a fiscal consolidation being successful, including when controlling for debt, growth, the composition of the consolidation, and degree of democracy.

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6V84 ... a16b3e8017fe10dbd2e7
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

Economics Letters is edited by E. Maskin

More articles in Economics Letters from Elsevier
Series data maintained by Heidi Boesdal ().