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The Macroeconomy of Central America pp 87–141Cite as

Palgrave Macmillan

Public Expenditure and Governance

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Part of the book series: Procyclicality of Financial Systems in Asia ((IMF))

Abstract

After a weak performance during the so-called lost decade of the 1980s, the economies of Central America rebounded to varying degrees in the 1990s. The rebound was due to a number of factors, ranging from improvements in fiscal, monetary and exchange rate policies to an accelerating pace of structural reforms, expansion of the world economy and a more favorable terms of trade.

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Authors
  1. Ana Corbacho
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  2. Hamid R. Davoodi
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Editor information

Editors and Affiliations

  1. International Monetary Fund, USA

    Erik Offerdal

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© 2004 International Monetary Fund

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Cite this chapter

Corbacho, A., Davoodi, H.R. (2004). Public Expenditure and Governance. In: Rennhack, R., Offerdal, E. (eds) The Macroeconomy of Central America. Procyclicality of Financial Systems in Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379596_3

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