Stabilization of the balance of payments in a small, planned economy, with an application to Ethiopia

Andrew Feltenstein

The author constructs a macroeconomic model of planned economy and derives a currency basket that will stabilize the current account. The exchange rate is incorporated in a monetary system so as to derive consistent money and price targets. Having derived weights for the currency basket corresponding to 1980, a simulation is carried out in which macroeconomic targets for 1980 are derived, based on past information. (DÜI-Etr)

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Year of publication:	1985
Authors:	Feltenstein, Andrew
Published in:	Journal of development economics. - Amsterdam : Elsevier, ISSN 0304-3878, ZDB-ID 187117-1. - Vol. 18.1985, 1, p. 171-191
Subject:	Äthiopien \| Ethiopia \| Zahlungsbilanz \| Balance of payments \| Theorie \| Theory \| Planwirtschaft \| Planned economy

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Type of publication:	Article
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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