Central America [electronic resource] : Global Integration and Regional Cooperation, Rodlauer, Markus.

Rodlauer, Markus.
Washington, D.C. : International Monetary Fund, 2005.
IMF eLibrary
Occasional Papers; Occasional Paper No. 243.
Occasional Papers; Occasional Paper No. 243
Government document
1 online resource (146 p.)
Local subjects:
Adjustment to shocks.
Aggregate trade.
Agricultural exports.
Agricultural imports.
Agricultural trade.
Alternative exchange rate.
Alternative exchange rate regimes.
Anti-poverty policies.
Anti-poverty policy.
Apparel exports.
Asset market.
Average incomes.
Average tariff.
Average tariffs.
Average trade.
Balance of payments.
Balance of payments crises.
Bilateral agreement.
Bilateral exchange rate.
Bilateral exchange rates.
Bilateral free trade.
Bilateral free trade agreements.
Bilateral trade.
Changes in trade.
Classification of exchange rate.
Commodity composition.
Commodity prices.
Common market.
Competition policies.
Competition policy.
Competitive advantage.
Currency areas.
Currency depreciation.
Currency substitution.
Currency unions.
Current account balance.
Current exchange rate.
De facto exchange rate regimes.
Direct revenue loss.
Direct revenue losses.
Dispute resolution.
Dispute settlement.
Domestic banking system.
Domestic consumption.
Domestic demand.
Domestic investment.
Domestic market.
Domestic ones.
Domestic price.
Domestic producers.
Domestic savings.
Domestic shocks.
Domestic taxes.
Duty-free access.
Dynamic effects.
Dynamic growth.
Economic convergence.
Economic cooperation.
Economic integration.
Economic interdependence.
Effects of trade liberalization.
Elasticity of substitution.
Eliminating tariffs.
Equal treatment.
Equilibrium model.
Exchange arrangements.
Exchange markets.
Exchange of information.
Exchange rate.
Exchange rate arrangement.
Exchange rate arrangements.
Exchange rate changes.
Exchange rate data.
Exchange rate depreciation.
Exchange rate flexibility.
Exchange rate guarantee.
Exchange rate movements.
Exchange rate policies.
Exchange rate policy.
Exchange rate regime.
Exchange rate regimes.
Exchange rate risk.
Exchange rate rule.
Exchange rate system.
Exchange rate systems.
Exchange rate variability.
Exchange rate volatility.
Exchange rates.
Exchange restrictions.
Export diversification.
Export growth.
Export market.
Export processing.
Export processing zones.
Export sector.
Export sectors.
Export share.
Export taxes.
External debt ratios.
External financing.
External shocks.
External tariff.
Factor markets.
Fixed capital formation.
Fixed exchange rate.
Fixed exchange rate regime.
Fixed exchange rate regimes.
Fixed exchange rates.
Fixed investment.
Flexible exchange rate.
Flexible exchange rate regime.
Flexible exchange rate regimes.
Flexible exchange rates.
Floating exchange rate.
Floating exchange rate regime.
Foreign exchange.
Foreign exchange market.
Foreign exchange markets.
Foreign exchange rates.
Foreign investment.
Foreign trade.
Free trade.
Free trade agreement.
Free trade agreements.
Free trade zones.
Global competition.
Global integration.
Global market.
Global trade.
Global trade analysis.
Global welfare.
History of exchange rate.
Impact of trade.
Impact of trade diversion.
Impact of trade liberalization.
Import costs.
Import demand.
Import duties.
Import duty.
Import items.
Import quotas.
Import subsidy.
Import tariff.
Import tariffs.
Imported good.
Importing country.
Income distribution.
Increased openness.
Increased trade.
Increasing integration.
Increasing trade.
Indirect taxes.
Industry trade.
Inflexible exchange rate.
Inflexible exchange rate regime.
Integration effects.
Integration efforts.
Intellectual property.
Intellectual property rights.
Interest groups.
Intermediate goods.
Intermediate inputs.
Internal market.
Internal trade.
International accounting standards.
International standard.
International standards.
International trade.
International trade agreements.
Investment flows.
Investment goods.
Investor confidence.
Liberal regimes.
Liberalization of trade.
Market integration.
Market orientation.
Monetary union.
Multilateral organizations.
Multinational corporations.
Multiple currency practices.
Mutual funds.
National borders.
Nominal bilateral exchange rates.
Nominal exchange rate.
Nominal exchange rates.
Nontariff barriers.
Normal approach.
Official exchange rate.
Oil prices.
Open economies.
Open economy.
Open market.
Open trade.
Open trade regime.
Open trade regimes.
Optimal exchange rate regime.
Optimum currency areas.
Output growth.
Output volatility.
Partner countries.
Per capita income.
Perfect competition.
Policy regimes.
Political costs.
Political economy.
Preferential access.
Preferential arrangement.
Preferential market access.
Preferential trade.
Preferential trade agreements.
Preferential treatment.
Preliminary assessment.
Price fluctuations.
Price stability.
Process of trade integration.
Producer price index.
Protection of intellectual property rights.
Prudential requirements.
Prudential supervision.
Quota tariff.
Real exchange rate.
Real exchange rate changes.
Real exchange rate depreciation.
Real exchange rates.
Reduction of barriers.
Regional integration.
Regional trade.
Regional trade agreements.
Regional trade integration.
Regulatory framework.
Rules of origin.
Sales taxes.
Standard vat rate.
Supply chain.
Tariff barriers.
Tariff cut.
Tariff cuts.
Tariff data.
Tariff lines.
Tariff rate.
Tariff rates.
Tariff reduction.
Tariff reductions.
Tariff revenue.
Tariff revenues.
Tariff schedule.
Tariff schedules.
Tariff structure.
Tariff structures.
Tariff-free access.
Tariff-inclusive price.
Tax administration.
Tax incentives.
Terms of trade.
Terms-of-trade shocks.
Third-country imports.
Trade agreement.
Trade agreements.
Trade barriers.
Trade blocs.
Trade capacity.
Trade changes.
Trade creation.
Trade data.
Trade diversion.
Trade effect.
Trade flows.
Trade growth.
Trade integration.
Trade intensity.
Trade liberalization.
Trade models.
Trade negotiations.
Trade openness.
Trade patterns.
Trade preferences.
Trade reform.
Trade reforms.
Trade regime.
Trade regimes.
Trade relations.
Trade share.
Trade shocks.
Trade stance.
Trade structure.
Trade tax revenue.
Trade taxes.
Trade volume.
Trade volumes.
Trading partner.
Trading partners.
Transition period.
Transition periods.
Transmission of shocks.
Transport cost.
Transport costs.
Unemployment rate.
Uniform vat.
Unilateral preference programs.
Value of exports.
Value of imports.
Value-added tax.
Vertical specialization.
World economy.
World market.
World markets.
World prices.
World trade.
World trade organization.
Costa Rica.
Dominican Republic.
El Salvador.
United States.
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics.
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Rodlauer, Markus.
Schipke, Alfred.
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