The Effect of Exchange Rate Devaluation on a Small Open Economy with an External Debt Overhang

Devaluation in the presence of an external debt will generally lead to a fall in real output and a rise in prices. Central to this paper is the model that has allowed the author to arrive to the above conclusion.

MoreLess

Year of publication:	1988
Authors:	Yap, Josef T.
Institutions:	Philippine Institute for Development Studies (PIDS), Government of the Philippines
Subject:	exchange rate policy \| devaluation

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number WP 1988-09 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005787298