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Currency devaluations, aggregate demand, and debt dynamics in an economy with foreign currency liabilities

Köhler, Karsten - 2016

The paper employs a post-Kaleckian model to address the question of how currency devaluations affect aggregate demand, capital accumulation, and debt in an economy with foreign currency liabilities. In benchmark post-Kaleckian open economy models currency devaluations have two key effects....

Persistent link: https://www.econbiz.de/10011567969

Devaluation and its consequences in developing countries

Krueger, Anne O. - In: Intereconomics : review of European economic policy 14 (1979) 1, pp. 19-24

To analyze the role of the trade and payments regime in economic development the National Bureau of Economic Research undertook a major research project on this issue. In this article a brief report on some of the findings pertaining to the effect of exchange rates, i. e. devaluation under...

Persistent link: https://www.econbiz.de/10011554293

From Devaluation to Stagflation (Modern Challenges, Reasons, Dangers)

Abuselidze, George - 2017

This article investigates the reasons of stagflation, as of one of the most complicated and undesirable state, as well … as its socioeconomic features. This works aims representation of analysis of the socioeconomic results of stagflation in … stagflation, its impact on economic development of the country and welfare of each citizen, effectiveness of monetary regulations …

Persistent link: https://www.econbiz.de/10012951908