Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Middle Eastern Department.
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| ISBN: | 1451904061
9781451904062
1282080032
9781282080034
1462300413
9781462300419
1452722943
9781452722948
9786613799371
6613799378
9781451858747
1451858744
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| Notes: | Includes bibliographical references (pages 31-33).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper presents a model that incorporates uncertainty about trade reform and analyzes the effects of trade and financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when the capital account is open and when it is closed. Under certain assumptions financial liberalization leads to a movement of resources in the opposite direction to that implied by trade liberalization and to real exchange rate appreciation, thus defeating one of the objectives of tariff reform, when the capital account is open. When political economy linkages are taken into account, however, the indirect effects of financial liberalization may offset the direct effects, encouraging a movement of resources in the desired direction. With a closed capital account these results should still hold unless there are strong negative income effects from trade reform.
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| Other form: | Print version: Bhattacharya, Rina. Trade and domestic financial market reform under political uncertainty. [Washington, D.C.] : International Monetary Fund, Middle Eastern Dept., ©2000
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| Standard no.: | 10.5089/9781451904062.001
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