Nwanna, Nwanna , Gladson I. - In: Economia Internazionale / International Economics 47 (1994) 1, pp. 69-83
This study examines the effects of devaluation on output growth in Low Income Economies (LIEs). The study includes that devaluation docs have a negative effect on output growth in not only in the short-run, but also in the long run. The study points out why devaluation, as a stabilization tool...