Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/88030 
Year of Publication: 
1999
Series/Report no.: 
Working Paper No. 413
Publisher: 
Inter-American Development Bank, Office of the Chief Economist, Washington, DC
Abstract: 
This 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.
Document Type: 
Working Paper

Files in This Item:
File
Size
264.83 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.