MARIC, ZELJKO - In: Perspectives of Innovation in Economics and Business (PIEB) 7 (2011) 1, pp. 8-11
Devaluation is the instrument of monetary policy which has been used very often during the 20th century. In recent time of globalization, the many limited factors (openness of the economy, capital movements, currency substitution, money illusion) significantly reduce or completely make...