Procyclicality of Financial Systems in Asia

Rules-Based Fiscal Policy in Emerging Markets

Background, Analysis and Prospects

Editors: Kopits, G. (Ed.)

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eBook 109,99 €
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  • ISBN 978-1-137-00157-3
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  • ISBN 978-1-4039-2085-0
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About this book

Inspired by the experience of some advanced economies, a number of emerging market economies have recently adopted rules limiting the budget deficit, expenditure level, or indebtedness of the public sector, while others consider them for eventual adoption. This volume brings together policy analysts to discuss the rationale, suitability, and usefulness of fiscal policy rules in emerging market economies. Grouped under three main parts (political economy and macroeconomic setting; design issues at the national level; design issues at the subnational level), the chapters have a practical orientation, based on conceptual grounding.

About the authors

FABRIZIO BALASSONE Bank of Italy, Italy OLAV BJERKHOLT University of Oslo, Norway MIGUEL BRAUN University of San Andres, Colombia MARCO BUTI European Commission, International ANDRÉS CONESA Secretariat of Finance, Mexico FABRIZIO CORICELLI University of Siena, Italy ALLAN DRAZEN Tel Aviv University, Israel VALERIO ERCOLANI University of Siena, Italy DANIELE FRANCO Bank of Italy, Italy GABRIELE GIUDICE European Commission, Italy ILAN GOLDFAJN Central Bank of Brazil, Brazil CHRISTIAN Y. GONZALEZ Georgetown University, USA EDUARDO R. GUARDIA State of Sao Paulo, Brazil RICARDO HAUSMANN Harvard University, USA KALPANA KOCHHAR International Monetary Fund, USA IRENE NICULESCU Central University of Venezuela and Ministry of Finance, Venezuela GUILLERMO PERRY The World Bank, USA CATRIONA PURFIELD International Monetary Fund, USA DAVID ROSENBLATT The World Bank, USA ALLEN SCHICK Brookings Institution and University of Maryland, USA MOISÉS J. SCHWARTZ Secretariat of Finance, Mexico ALEJANDRO SOMUANO Secretariat of Finance, Mexico J. ALFREDO TIJERINA Secretariat of Finance, Mexico MARIANO TOMMASI University of San Andres, Colombia STEVEN B. WEBB The World Bank, USA STEFANIA ZOTTERI Bank of Italy, Italy

Table of contents (15 chapters)

  • Overview of Fiscal Policy Rules in Emerging Markets

    Kopits, George

    Pages 1-11

    Preview Buy Chapter 30,19 €
  • Fiscal Rules from a Political Economy Perspective

    Drazen, Allan

    Pages 15-29

    Preview Buy Chapter 30,19 €
  • Good Credit Ratios, Bad Credit Ratings: The Role of Debt Structure

    Hausmann, Ricardo

    Pages 30-52

    Preview Buy Chapter 30,19 €
  • Can Fiscal Rules Help Reduce Macroeconomic Volatility?

    Perry, Guillermo

    Pages 53-65

    Preview Buy Chapter 30,19 €
  • Fiscal Policy and High Capital Mobility

    Kopits, George

    Pages 66-80

    Preview Buy Chapter 30,19 €

Buy this book

eBook 109,99 €
price for Spain (gross)
  • ISBN 978-1-137-00157-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 135,19 €
price for Spain (gross)
valid through November 5, 2017
  • ISBN 978-1-4039-2085-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Rules-Based Fiscal Policy in Emerging Markets
Book Subtitle
Background, Analysis and Prospects
Editors
  • G. Kopits
Series Title
Procyclicality of Financial Systems in Asia
Copyright
2004
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-00157-3
DOI
10.1057/9781137001573
Hardcover ISBN
978-1-4039-2085-0
Edition Number
1
Number of Pages
XIII, 286
Topics