Costa Rica: The Next Stage-Reform without Volatility. A Report
AbstractThis study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments` inability or unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public finances due to large domestic debts and politically motivated expenditure cycles, underdeveloped financial markets, weak financial links abroad, and risky corporate financing. The paper recommends greater fiscal discipline, financial and policy independence for the Central Bank, improvements in financial system operations, and improving financial links abroad, further discussing the interdependence among these proposals.
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Bibliographic InfoPaper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4196.
Date of creation: Dec 1999
Date of revision:
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- Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," Research Department Publications 4213, Inter-American Development Bank, Research Department.
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