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Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies / World Trade Organization.
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View online- Format:
- Book
- Government document
- Author/Creator:
- World Trade Organization.
- Series:
- WTO Working Papers, 25189808 ; no.1998/07.
- WTO Working Papers, 25189808 ; no.1998/07
- Language:
- English
- Subjects (All):
- Economic research and trade policy analysis.
- Local Subjects:
- Economic research and trade policy analysis.
- Physical Description:
- 1 online resource (35 pages).
- Place of Publication:
- Geneva : World Trade Organization, 1998.
- System Details:
- text file
- Summary:
- 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.
- Access Restriction:
- Restricted for use by site license.
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