TY - BOOK ID - 84541905 TI - Trade Reform and Inflation Stabilization AU - Kumar, Manmohan. AU - Arora, Vivek. PY - 1994 SN - 146236201X 1455257605 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Balance of trade KW - Commercial policy KW - Comparative or Joint Analysis of Fiscal and Monetary Policy KW - Currency KW - Deflation KW - Empirical Studies of Trade KW - Exports and Imports KW - Foreign Exchange KW - Foreign exchange KW - Inflation KW - International economics KW - International Trade Organizations KW - Macroeconomics KW - Open Economy Macroeconomics KW - Price Level KW - Prices KW - Public finance & taxation KW - Real exchange rates KW - Stabilization KW - Tariff KW - Tariffs KW - Taxation KW - Trade balance KW - Trade liberalization KW - Trade Policy KW - Treasury Policy UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541905 AB - This paper examines two important issues for a small high-inflation open economy with trade controls where the government implements an exchange-rate based stabilization program: first, the extent to which the degree of openness of the economy influences the probability of success of the program; and second, the conditions under which a trade reform, implemented in conjunction with the stabilization program, will increase the probability that stabilization will be successful. The paper shows that in an economy with high export and import price elasticities, structural reforms to increase openness can be important in determining the success of the program. ER -