Exchange rate regimes and the stability of trade policy in transition economies
Zdenek Drabek and
Josef Brada ()
No ERAD-98-07, WTO Staff Working Papers from World Trade Organization (WTO), Economic Research and Statistics Division
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.
Keywords: Elections; political business cycles; fiscal policies; public expenditure; developing countries (search for similar items in EconPapers)
JEL-codes: P33 F13 F33 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed
Downloads: (external link)
Journal Article: Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zbw:wtowps:erad9807
Access Statistics for this paper
More papers in WTO Staff Working Papers from World Trade Organization (WTO), Economic Research and Statistics Division Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().