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Article
The exchange rate and fiscal consolidation episodes in emerging market economies
Economics Letters (2008)
  • John Thornton
  • Amine Mati
Abstract
An analysis of fiscal consolidations in emerging market economies during 1970–2004 suggests that exchange rate depreciation raises the probability of a fiscal consolidation being successful, including when controlling for debt, growth, the composition of the consolidation, and degree of democracy.
Keywords
  • Exchange rate,
  • fiscal consolidation,
  • emerging markets
Publication Date
July, 2008
Citation Information
John Thornton and Amine Mati. "The exchange rate and fiscal consolidation episodes in emerging market economies" Economics Letters Vol. 100 Iss. 1 (2008)
Available at: http://works.bepress.com/john_thornton/8/