Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Does Devaluation Improve the Current Account?
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1983 (English)Report (Other academic)
Abstract [en]

This paper incorporates the link between devaluation, foreign interest payments, and the current acccount into a fairly general macroeconomic model in which exchange rate changes influence aggregate demand through exports, imports, and expenditures as well as aggregate supply via the cost of imported factors of production. On the basis of avaliable statistical estimates of the behavioral and structural parameters of the model, an attempt is mafe to assess the empirical importance of this link among others in a group of highly indebted industrial and developing countries. By and large, the empirical results indicate that high foreign debt and interest payments tend to reduce the short-to-medium-run effect of devaluation on national income, expecially in the LDCs, but make little difference to its generally positive effect on the current account.

Place, publisher, year, edition, pages
Stockholm: IIES , 1983. , 53 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 258
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41497OAI: oai:DiVA.org:su-41497DiVA: diva2:330761
Available from: 2010-07-20 Created: 2010-07-20 Last updated: 2010-07-20Bibliographically approved

Open Access in DiVA

fulltext(5543 kB)692 downloads
File information
File name FULLTEXT01.pdfFile size 5543 kBChecksum SHA-512
6330ba71c42bb17a59fd069766c9146d355a761216c612b700373bdd039adb7c3b7d9e45bca5a7ad4efefb0841983f24be14ccb18d80d5825dc5ad0b9f5d9fcd
Type fulltextMimetype application/pdf

By organisation
Institute for International Economic Studies
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 692 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 77 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf