01723cas a2200241 a 4500 AALejournalIMF000885 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848274 1018-5941 BD-DhAAL BD-DhAAL Sorsa, Piritta. Macroeconomic Conditions and Import Surcharges in Selected Transition Economies / Piritta Sorsa. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Analysis on macroeconomic determinants of protection in the Czech and Slovak Republics, Hungary, and Poland, while subject to many caveats, suggests that appreciation of the real exchange rate was the main macroeconomic determinant of trade policy reversals in the 1990s. This suggests that balance of payments difficulties may have been used as an excuse for protection. The analysis also suggests that greater exchange rate flexibility and tighter fiscal policies could have been used instead of import surcharges to deal with external imbalances. The surcharges may only have aggravated the external balance by slowing down exports and restructuring of production. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/062/001.1999.issue-062-en.xml IMF e-Library