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Gradual Versus Big-Bang Devaluations : An Empirical Analysis (2018)

Geiger, Michael [Verfasser] ; Geiger, Michael ; Nguyen, Ha ; [weitere]

Washington, D.C : The World Bank

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UID:

b3kat_BV048271818

Umfang: 1 Online-Ressource

Serie: World Bank E-Library Archive

Inhalt: This paper examines the pros and cons of gradual versus big-bang approaches toward devaluations. It presents original empirical evidence regarding output, consumption, investment and trade balances associated with gradual and big-bang devaluation episodes. It finds that big-bang devaluations are associated with lower output, investment and consumption, while gradual devaluations are not associated with any contemporaneous drops. Five case studies of gradual devaluations are also conducted

Sprache: Englisch

DOI: 10.1596/30918

URL: Volltext (kostenfrei)

URL: Deutschlandweit zugänglich