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Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries

Edwards, Sebastian - 1986

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

On Uniform Import Tariffs in Developing Countries

Edwards, Sebastian - 1990

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

Structural Adjustment Policies in Highly Indebted Countries

Edwards, Sebastian - 1988

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

Tariffs, Terms of Trade, and the Real Exchange Rate in an Intertemporal Optimizing Model of the Current Account

Edwards, Sebastian - 1987

of import tariffs, and external terms of trade shocks. In the case of import tariffs, a distinction is made between …

Persistent link: https://www.econbiz.de/10012476869

Terms of Trade Disturbances, Real Exchange Rates and Welfare : The Role of Capital Controls and Labor Market Distortions

Edwards, Sebastian - 1989

Many arguments that have been advanced in favor of maintaining capital control within the EEC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...

Persistent link: https://www.econbiz.de/10012476147

Temporary Terms of Trade Disturbances, The Real Exchange Rate and the Current Account

Edwards, Sebastian - 1988

how the temporary term's of trade disturbances affect the path of real exchange rates and the current account. Changes in … the internal terms of trade (due to tariff changes) and to the external terms of trade are considered. The model is … current account in period 1 are derived. The way in which temporary and permanent external terms of trade shocks will affect …

Persistent link: https://www.econbiz.de/10012476443

Economic Liberalization and the Equilibrium Real Exchange rate in Developing Countries

Edwards, Sebastian - 1987

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

Real Exchange Rate Variability : An Empirical Analysis of the Developing Countries Case

Edwards, Sebastian - 1986

-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 Pricing of Bonds and Bank Loans in International Markets : An Empirical Analysis of Developing Countries' Foreign Borrowing

Edwards, Sebastian - 1985

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

Are Devaluations Contractionary?

Edwards, Sebastian - 1985

, 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