Contractionary Devaluation in Developing Countries: An Analytic Overview
This paper evaluates the growing literature on whether devaluation has contractionary effects on output in developing countries. It explores the nature of the links between the exchange rate and real output within a unified, fairly general analytical framework which incorporates a number of the deve...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1988
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Schriftenreihe: | IMF Working Papers
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper evaluates the growing literature on whether devaluation has contractionary effects on output in developing countries. It explores the nature of the links between the exchange rate and real output within a unified, fairly general analytical framework which incorporates a number of the developing-country features cited in this literature. The analysis suggests that many of the arguments on both sides of the contractionary devaluation debate require modification and that a number of potential effects have been ignored. It is concluded that the direction of the impact effects of devaluation on real output is ambiguous on analytical grounds. MASTER FILES ROOM C-130 001 |
Beschreibung: | 1 Online-Ressource (56 p) |
ISBN: | 1451970528 9781451970524 |
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spelling | International Monetary Fund Verfasser aut Contractionary Devaluation in Developing Countries An Analytic Overview Washington, D.C International Monetary Fund 1988 1 Online-Ressource (56 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers This paper evaluates the growing literature on whether devaluation has contractionary effects on output in developing countries. It explores the nature of the links between the exchange rate and real output within a unified, fairly general analytical framework which incorporates a number of the developing-country features cited in this literature. The analysis suggests that many of the arguments on both sides of the contractionary devaluation debate require modification and that a number of potential effects have been ignored. It is concluded that the direction of the impact effects of devaluation on real output is ambiguous on analytical grounds. MASTER FILES ROOM C-130 001 Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15755-9781451970524/15755-9781451970524/15755-9781451970524.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Contractionary Devaluation in Developing Countries An Analytic Overview |
title | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_auth | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_exact_search | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_exact_search_txtP | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_full | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_fullStr | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_full_unstemmed | Contractionary Devaluation in Developing Countries An Analytic Overview |
title_short | Contractionary Devaluation in Developing Countries |
title_sort | contractionary devaluation in developing countries an analytic overview |
title_sub | An Analytic Overview |
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