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Does Devaluation Make Sense in the Least Developed Countries?
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1985 (English)Report (Other academic)
Abstract [en]

The focus of this study is on the short-to-medium-term effects of devalution in the least developed countries where a large part of the population barely survives on a subsistence wage. A general macroeconomic framwork for devaluation analysis in LDCs is developed. Empirical evidence is presented to demonstrate that devaluation can be an efficient means of reducing current account deficits in the least developed countries, provided that it is accompanied by domestic monetary restraint as well as by an infusion of foreign concessional finance, to avert or at least reduce the detrimental side effects on living standards that would otherwise occur during the period of adjustment to the new exchange rate.

Place, publisher, year, edition, pages
Stockholm: IIES , 1985. , 41 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 314
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41339OAI: oai:DiVA.org:su-41339DiVA: diva2:329518
Available from: 2010-07-12 Created: 2010-07-12 Last updated: 2010-07-12Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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Language
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Output format
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