Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/1609
Authors: 
Schweickert, Rainer
Year of Publication: 
1994
Citation: 
[Journal:] Intereconomics [ISSN:] 0020-5346 [Volume:] 29 [Year:] 1994 [Issue:] 5 [Pages:] 244-252
Abstract: 
Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal reforms and (3) that an exchange rate based stabilization remains a high-risk strategy even in the case of strong adjustment efforts.
Persistent Identifier of the first edition: 
Document Type: 
Article

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