UID:
almafu_9958091956702883
Umfang:
1 online resource (241 p.)
Ausgabe:
1st ed. 2004.
ISBN:
9786613719416
,
9781463942885
,
1463942885
,
9781463920012
,
1463920016
,
9781280878107
,
128087810X
,
9780230379596
,
0230379591
,
9781463914738
,
1463914733
Serie:
Procyclicality of Financial Systems in Asia,
Inhalt:
Opportunities for growth and investment in Central America could well improve in the coming years, as the region's ties with the world economy grow closer. This integration, however, also presents important challenges for economic policy to ensure that growth can be sustained and can benefit the poor. This book stresses the importance of keeping fiscal policy on a sustainable path, strengthening public investment in basic infrastructure and primary health care and primary and secondary education, and managing the risks associated with partial dollarization.
Anmerkung:
Papers from a conference held by the Central American Monetary Council and the Western Hemisphere Department of the IMF from July 25-26, 2002, in Antigua, Guatemala.
,
Cover; Half-Title; Title; Copyright; Contents; List of Tables, Figures, and Boxes; Foreword; Notes on Contributors; 1 Fiscal Sustainability; Introduction; A basic accounting framework; What are the factors behind recent developments in debt in Central America?; What level of public debt?; Potential fiscal vulnerabilities and policy flexibility; How would adverse shocks impact on the need for fiscal adjustment?; Would fiscal rules be useful?; Some issues for further consideration; Appendix 1.1. The accounting framework; Notes; References; 2 Tax Reform: Trends and Possibilities; Introduction
,
General principles of tax reformStructure of tax system in Central America; Domestic taxes on goods and services; Taxes on income and profits and taxes on wealth; Administrative issues; Regional tax harmonization; Looking to the future; Notes; References; 3 Public Expenditure and Governance; Introduction; Economic growth, poverty, and inequality; Level and composition of government spending; Investment in education and health; Provision of education; Returns to investment in education; Trends in educational attainment; Indicators of the quality and quantity of education inputs
,
Government spending on educationTeacher salaries and teacher quality; Student-teacher ratios and schooling time; Provision of health services; Health quality indicators; Social safety nets; Governance; Summary and policy conclusions; Notes; References; 4 Trade Structure and Policy; Introduction; Trade structure; Trade policies; Tariff and nontariff barriers; The impact of NAFTA in Central America; Policy reforms and economic growth; The United States and Central America trade relation: further trade integration; A trade agreement between Central America and the United States
,
The 2002 US farm billCentral America and the United States: beyond trade; Some other features of Central American countries; Implications for monetary arrangements; Conclusions; Notes; References; Introduction; 5 Choice of Exchange Rate Regimes; Theoretical considerations in the choice of exchange regime; Overview of the economic structure of the CAC countries; An econometric approach to assessing exchange regimes; An index approach; Concluding remarks; Appendix 5.1; Appendix 5.2 Index of effective exchange rate flexibility (FLT)
,
Appendix 5.3 The construction of the index of suitability for a pegNotes; References; 6 Financial Dollarization: What to Do About It?; Financial dollarization in Central America; Dollarization: types and roots; Risks and drawbacks of financial dollarization; Is there a way out?; Conclusions; Notes; References; Index
,
English
Weitere Ausg.:
ISBN 9781349518715
Weitere Ausg.:
ISBN 1349518719
Weitere Ausg.:
ISBN 9781403936523
Weitere Ausg.:
ISBN 1403936528
Sprache:
Englisch
DOI:
10.1057/9780230379596
Bookmarklink
