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Vliv rozpočtového deficitu na devizový kurz
[The impact of budget deficit onto the exchange rate]

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  • Karel Vít

Abstract

The question of public finance stability and the economic stability are widely discussed topics, not only in transitive and emerging economies, but also in developed countries. The aim of this paper is to find out and measure connections between the fiscal policy development and external economic stability. This research is based on a quantification of the budget deficit and public debt impact onto exchange rate in chosen countries that have recently experienced some kind of financial crisis. External competitiveness is also assessed by the fiscal policy impact onto current account balance. It is necessary to point out that monetary variables are going to be probably more important but the fiscal sector cannot be omitted. Especially nowadays when there is an integration process in EMU going on, where the fiscal policy is going to play important role in the economic stability.

Suggested Citation

  • Karel Vít, 2005. "Vliv rozpočtového deficitu na devizový kurz [The impact of budget deficit onto the exchange rate]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(3), pages 305-322.
    • Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:3:id:507:p:305-322
    DOI: 10.18267/j.polek.507
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    More about this item

    Keywords

    fiscal policy; public debt; economic stability; budget deficit;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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