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| Content Provider | Springer Nature Link |
|---|---|
| Author | Belke, Ansgar Vogel, Lukas |
| Copyright Year | 2014 |
| Abstract | This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to improve macroeconomic performance. Both EBRD and EFW data suggest a negative relationship between flexible exchange rate arrangements and external liberalisation. Another finding from the EFW sample is that economic liberalisation has tended to be stronger under better macroeconomic fundamentals, suggesting that the impact of good macroeconomic conditions as facilitating structural reforms outweighs countervailing effects in the sense of lower reform pressure. |
| Starting Page | 375 |
| Ending Page | 392 |
| Page Count | 18 |
| File Format | |
| ISSN | 16124804 |
| Journal | International Economics and Economic Policy |
| Volume Number | 12 |
| Issue Number | 3 |
| e-ISSN | 16124812 |
| Language | English |
| Publisher | Springer Berlin Heidelberg |
| Publisher Date | 2014-12-10 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Exchange rate regime Structural reform Panel data Political economy of reform Transition countries International Economics Economic Policy Macroeconomics/Monetary Economics Public Finance & Economics Financial Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
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