Narrow Your Choices

Refine By Type

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 2 of 2 items for :

  • Economic Systems: General x
Clear All
Cover IMF Working Papers
A Political-Economic Model of the Choice of Exchange Rate Regime
Ms. Yan M Sun
Facing electoral uncertainty, a government chooses its exchange regime in a trade-off among three incentives: (i) tying the hands of its opponent should it lose the election; (ii) facilitating its own future policy implementation should it win the election; and (iii) increasing its chance of reelection.
Keywords:
WP; exchange rate; exchange rate regimes; political economy; budget constraint; regime choice; exchange regime; incumbent government; incumbent's regime policy; choice of a government; Exchange rate arrangements; Exchange rate flexibility; Inflation; Conventional peg
Cover IMF Working Papers
The Speed of Adjustment and the Sequencing of Economic Reforms: Issues and Guidelines for Policymakers
Mr. Saleh M. Nsouli, Mr. Mounir Rached, and Mr. Norbert Funke
This paper reviews the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, focusing on considerations relevant to policymakers. It points out that the debate between the protagonists of a high-speed approach and those favoring a gradualist approach is based primarily on the weights given to adjustment costs, policy credibility, reform feasibility, and risk assessment. It underscores the importance of appropriate sequencing and the impact of sequencing on the speed of adjustment and reforms. The paper concludes by highlighting factors that policymakers should consider when selecting their approach toward speed and sequencing.
Keywords:
WP; liberalization; government; public enterprise; trade; Adjustment; reforms; speed of adjustment; sequencing; reform program; market economy; government reform; rate of inflation; price liberalization; liberalization process; financial asset; government monopoly; liberalization of the capital account; government objective; private ownership; adjustment cost; Capital account liberalization; Privatization; Tariffs; Capital account; Trade barriers; Central and Eastern Europe; Eastern Europe