This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transition economies of Eastern Europe, Caucasus, and Central Asia. Evaluating the transformational experience in these countries, this work meets a need for a critical analysis in the aftermath of the 1990s market liberalization reforms, of current trends and to outline the roadmap for future development.
Table of Contents
1. Economics of Transition in the New Century: Lessons Learned and a Future Outlook 2. Fiscal Policy in the Newly Opened Economies: Are there Twin Deficits? 3. Fiscal Policy Sustainability in Transition: Is it There? 4. Innovative Fiscal Policy: The How, When and Why of Borrowing from the Diaspora 5. Innovative Fiscal Policy: Tackling Labour Migration Problems 6. J-Curve: Facing Exchange Rate and Current Account Fluctuation Risks in the Open Economies of the CIS 7. A Model of Fiscal Policy: Currency Crisis and Foreign Exchange Reserves Dynamics 8. Fiscal Policy Lessons for the CIS and Beyond the Economic Crisis
Aleksandr V. Gevorkyan is Assistant Professor of Economics at the Peter J. Tobin College of Business in St. John's University. He is a professional economist with experience in macroeconomic analysis and financial markets. He has also taught financial economics and economic development at Columbia University and New York University, The New School and MBA concentrations at St. John's University and Long Island University. Dr. Gevorkyan has published in academic journals and reference volumes on international financial economics, macroeconomic policy, sovereign debt, labor migration and post-socialist transformation. He holds Ph.D. in Economics from The New School in New York.