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Devaluation, pass-through and foreign reserves dynamics in a tourism economy

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Pandemic, tourism, and the economy : a tourism-revenue target zone approach

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Devaluation, pass-through and foreign reserves dynamics in a tourism economy

Chao, Chi-Chur; Lu, Lee-Jung; Lai, Ching-Chong; Hu, Shih-Wen - In: Economic Modelling 30 (2013) C, pp. 456-461

This paper examines the effects of currency devaluations on goods prices and foreign reserves for a small-open economy with inbound tourism. Tourism transforms non-traded goods into exportable goods. Devaluations yield an over pass-through to the prices of the non-traded tourism goods. This may...

Persistent link: https://www.econbiz.de/10010608308