Asheghian, Parviz; Foote, William G. - In: Eastern Economic Journal 14 (1988) 2, pp. 181-187
This paper uses a monetary approach to examine the impact of change s in the exchange rate, domestic credit, and gros s domestic product on the balance of payments during devaluation episodes of less develope d countries (LDCs) and advanced countries (ACs). Second, it estimates t he relative...