Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries.
This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original shock. In...
| Awdur Corfforaethol: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 1989/011 |
| Mynediad Ar-lein: | Full text available on IMF |