Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy /
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because aid, b...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2008/204 |
| Acesso em linha: | Full text available on IMF |