Mbaye, Samba - HAL - 2012
: undervaluation of the currency is a "beggar-thy-neighbor" policy. It assesses simultaneously the two closely related implications of … the beggar-thy-neighbor view: (i) undervaluation of the domestic currency improves the domestic trade balance; and most … importantly, (ii) undervaluation of the domestic currency negatively impacts the other countries' trade balances. Starting from …