Darvas, Zsolt and Kostyleva, Valentina. (2011) The fiscal and monetary institutions of CESEE countries. Bruegel Working Paper 2011/02, February 2011. [Working Paper]
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Abstract
This working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. Budgetary discipline indexes suggest that fiscal institutions are weaker in most CESEE countries than in non-CESEE OECD countries. these factors call for improved monetary institutions, stronger fiscal rules, and better budgetary procedures.
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| Item Type: | Working Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > External relations > EU-South-Eastern Europe (Balkans) EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy EU policies and themes > External relations > EU-Central and Eastern Europe EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Bruegel (Brussels) > Working Papers |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 08 Feb 2011 |
| Page Range: | p. 38 |
| Last Modified: | 15 Feb 2011 18:42 |
| URI: | http://aei.pitt.edu/id/eprint/15765 |
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