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The fiscal and monetary institutions of CESEE countries. Bruegel Working Paper 2011/02, February 2011

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 and consequences/reforms
    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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