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Devaluation crises and the macroeconomic consequences of postponed adjustment in developing countries

Edwards, Sebastian; Montiel, Peter - 1989

Persistent link: https://www.econbiz.de/10000123971

Devaluation crises and the macroeconomic consequences of postponed adjustment in developing countries

Edwards, Sebastian; Montiel, Peter - 1989

Persistent link: https://www.econbiz.de/10000761042

The international dimension of macroeconomic policies in Latin America

Edwards, Sebastian - In: Macroeconomic policy in open economies, (pp. 538-567). 1997

Persistent link: https://www.econbiz.de/10001321538

Devaluation crises and the macroeconomic consequences of postponed adjustment in developing countries

Edwards, Sebastian - In: Staff papers / International Monetary Fund 36 (1989) 4, pp. 875-903

Persistent link: https://www.econbiz.de/10001080381

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

Edwards, Sebastian - 1989

This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...

Persistent link: https://www.econbiz.de/10012476190