01725cas a2200253 a 4500 AALejournalIMF008726 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451933819 1018-5941 BD-DhAAL BD-DhAAL Kumar, Manmohan. Trade Reform and Inflation Stabilization / Manmohan Kumar, Vivek Arora. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (26 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 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. Mode of access: Internet Arora, Vivek. IMF Working Papers; Working Paper ; No. 1994/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/130/001.1994.issue-130-en.xml IMF e-Library