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Deuda externa, establizacion y liberalizacion en Costa Rica : respuestas de economia politica ante la crisis fiscal
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Deuda externa, establizacion y liberalizacion en Costa Rica : respuestas de economia politica ante la crisis fiscal
This paper examines the accumulation of political economy pressures that led to the fiscal crisis of the early 1980"s in Costa Rica.
Gonzalez Vega, Claudio · 1990
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Abstract
It claims that ample access to foreign financial assistance, during a balance of payments crisis is not necessarily welfare-improving, since it modifies expectations of reform and the behavior of the authorities. Entitlements in the form of exchange rate and credit subsidies led to Central Bank losses and further inflationary pressures. (Author abstract)
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