Showing 1 - 10 of 36
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
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
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
, terms of trade changes and devaluations on the level of real output. The results obtained, using a variance components …
Persistent link: https://www.econbiz.de/10012477404
Most discussions on the social rate of discount have assumed that the economy under consideration is isolated from the rest of the world, and that there are no capital movements. This paper explicitly analyzes the determination of the social rate of discount in a small open developing economy....
Persistent link: https://www.econbiz.de/10012477429
In this paper a model that analyzes the interaction between changes in commodity export prices, money creation …
Persistent link: https://www.econbiz.de/10012477515
Traditionally, two alternative explanations have been offered for the behavior of international reserves through time. On the one hand, the literature on the demand for international reserves postulates that reserves movements respond to discrepancies between desIred and actual reserves. Onthe...
Persistent link: https://www.econbiz.de/10012477788