The Effects of Devaluation : A Review of Theory

This paper reviews the literature on the theory of devaluation. The various approaches to the analysis of devaluation that are discussed in the paper are complementary and represent different views of the same phenomenon. Thus, in analyzing the effects of devaluation, one must use a combination of several approaches. In addition, one must take into account the issues pertaining to the distributional effects, the pessimistic consequences, and the effectiveness of devaluation.

MoreLess

Year of publication:	1991-07
Authors:	Natividad-Carlos, Fidelina B.
Institutions:	School of Economics, University of the Philippines at Diliman

More details

Series:	UP School of Economics Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published as UPSE Discussion Paper No. 1991-08, July 1991 Number 199108
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010670580