Fiscal Policy Response to External Crises The Case of Moldova 1998-2010
![WPIEA2012082 Image](images/NOPIC.jpg)
Author/Editor: Driton Qehaja
Release Date: © March, 2012
ISBN
: 978-1-47550-234-3
Stock #: WPIEA2012082
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes |
Description
External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through large fiscal adjustments during these crises and launched important fiscal reforms. The paper reviews the crises and reform experience. In particular, it aims to explain the motivation for reforms, describe reform design and implementation, and provide an understanding of their outcomes. The paper also catalogues the form and size of international assistance for Moldova.
Taxonomy
Development assistance , Economic development , Economic policy , Financial crisis , Fiscal policy , International financial system , Tax policy
More publications in this series: Working Papers
More publications by: Driton Qehaja