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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/88

 
Title: Devaluation (levels versus rates) and balance of payments in a cash-in-advance economy
Authors: Petrucci, Alberto
Keywords: Devaluation; Balance of payments; Cash-in-advance constraint; Overlapping generations.
Issue Date: 14-Apr-2003
Abstract: This paper investigates the consequences of the currency devalution, both in levels and rates, on the balance of payments in a cash-in-advance economy with finite horizons, endogenous capital accumulation and international capital immobility. In this context, a once and for all currency devaluation induces a balance of payments surplus, whereas a sustained increase in the rate of devaluation produces, in principle, an ambiguous effect on the balance of payments. If however non-restrictive
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URI: http://hdl.handle.net/2192/88
Appears in Collections:4 - REPEC
Econpapers

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