Bahmani-Oskooee, Mohsen; Zhang, Ruixin - In: Frontiers of Economics in China 8 (2013) 4, pp. 467-475
. The S-Curve is a hypothesis that could be used to test the effectiveness of currency devaluation or depreciation. It … of the world conforms to the S-Curve hypothesis, disaggregating trade flows by trading partner reveals that not all … partners are affected equally by devaluation. Indeed, trade with 8 out of the 24 partners does not support the S-Curve …