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Trade Reforms of Uncertain Duration and Real Uncertainty

Trade Reforms of Uncertain Duration and Real Uncertainty »

Source: Trade Reforms of Uncertain Duration and Real Uncertainty : A First Approximation

Volume/Issue: 1994/45

Series: IMF Working Papers

Author(s): Guillermo Calvo , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1994

ISBN: 9781451974270

Keywords: terms of trade, trade reform, trade reforms, elasticity of substitution, tariff revenue

This paper examines trade reforms of uncertain duration undertaken in economies subject to real foreign and domestic shocks. These reforms induce consumption and import booms regardless of whether they succeed or f...

I Introduction

I Introduction »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

Following its independence in 1962, Uganda initially witnessed a period of considerable economic progress. Between 1963 and 1973, the annual average rate of GDP growth was 6 percent. Additionally, the balanc...

II Overview of Recent Economic Performance

II Overview of Recent Economic Performance »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

The recent economic performance of the Ugandan economy can be assessed with respect to the following: (i) the broad policy objectives in the major macroeconomic sectors as well as structural areas; (ii) poli...

III Growth, Saving, and Investment

III Growth, Saving, and Investment »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

This section sketches a broad picture of the effects of economic stabilization on resource mobilization, allocation, and growth during the years 1987–94. Given Uganda's poverty and weak social indicators, at...

IV Exchange System and External Adjustment

IV Exchange System and External Adjustment »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

Uganda's adjustment efforts in the external sector have included a number of areas: (a) trade policy, foreign exchange market reforms, and overall liberalization of current account transactions; (b) export d...

V Public Sector Adjustment

V Public Sector Adjustment »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

The current weakness of the budgetary situation had its origins in the civil strife and accompanying mismanagement that characterized the 1971–85 period. During this period the public service lost many of it...

VI Monetary Policy and Financial Sector Reform

VI Monetary Policy and Financial Sector Reform »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

In pursuit of the Economic Recovery Program, Uganda has taken a number of actions in the financial sector; most important, the growth of money has been progressively reduced through strengthened credit and f...

VII Ugandan Economy in a Regional Perspective

VII Ugandan Economy in a Regional Perspective »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

Uganda is situated in a core region primarily consisting of itself, Kenya, Tanzania, Burundi, and Rwanda. There are several common policy issues affecting this region that need to be explored. These policy i...

VIII Concluding Remarks

VIII Concluding Remarks »

Source: Uganda : Adjustment with Growth, 1987-94

Series: Occasional Papers

Author(s): Hema De Zoysa , Robert Sharer , and Calvin McDonald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754615

Keywords: prices, terms of trade, payments, expenditure, credit

Since the end of the civil war in 1986, Uganda has made impressive progress in laying the appropriate foundation for improving the well-being of the public through sustained macroeconomic stability and growt...

Transitional Arrangements for Trade and Payments Among the CMEA Countries

Transitional Arrangements for Trade and Payments Among the CMEA Countries »

Source: Transitional Arrangements for Trade and Payments Among the CMEA Countries

Volume/Issue: 1990/79

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1990

ISBN: 9781451955712

Keywords: world prices, trade liberalization, terms of trade, bilateral trade, foreign trade

Trade among the CMEA countries will soon be conducted at world prices and in convertible currencies. These are crucial steps in economic reform but will worsen Eastern Europe’s terms of trade and drive it in...