Fiscal discipline and exchange rate regimes : evidence from the Caribbean / prepared by Rupa Duttagupta and Guillermo Tolosa.
This paper assesses the nature of fiscal discipline under alternative exchange rate regimes. First, it shows in a simple theoretical framework that fiscal agencies under a currency union with a fixed exchange rate can have the largest incentive to overspend or "free-ride" (compared to thos...
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Main Authors: | , |
Corporate Author: | |
Format: | eBook |
Language: | English |
Published: |
[Washington, D.C.] :
International Monetary Fund, Western Hemisphere Dept.,
2006.
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Series: | IMF working paper (Online) ;
WP/06/119. |
Subjects: |
Internet
Full Text (via ProQuest)Online
Call Number: |
HJ844.3 .D88 2006eb
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HJ844.3 .D88 2006eb | Available |