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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

Abstract: 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)
Date: 1998
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Journal Article: Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies (1998) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:wtowps:erad9807

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