This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …

This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …

This paper examines the effect of volatility on the costs and benefits of financial market integration. The basic … foreign banks, characterized by lower costs of intermediation and a lower markup rate, have free access to domestic capital …

costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of … in countries characterized by low terms of trade volatility and low financing costs. In these circumstances, imports are … pre-bought, and the spot market for imports is inactive. In countries where the financing costs and the terms of trade …

costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of … in countries characterized by low terms of trade volatility and low financing costs. In these circumstances, imports are … pre-bought, and the spot market for imports is inactive. In countries where the financing costs and the terms of trade …