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This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes … factors model is developed and used to investigate how an exogenous worsening of the intern.ationa1 terms of trade affect …
Persistent link: https://www.econbiz.de/10012476959
contemplated a trade liberalization process that would create a low and uniform tariff structure. In this paper I review the …
Persistent link: https://www.econbiz.de/10012475686
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that for most nations the adjustment has been highly recessive. Next, the potential role of trade reforms in securing the …
Persistent link: https://www.econbiz.de/10012476564
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misalignment and overvaluation. The effects of terms of trade shocks on the equilibrium real exchange rate are also investigated …
Persistent link: https://www.econbiz.de/10012476891
-term real exchange rate variability; and more unstable external terms of trade also affected positively the degree of real …
Persistent link: https://www.econbiz.de/10012477144
The purpose of this paper is to compare the pricing of bank loans and bonds in international markets. The results obtained, using data on LDC debtors, indicate that in both markets the country risk premium has responded to some of the variables suggested by the theory. However, the way in which...
Persistent link: https://www.econbiz.de/10012477391