Kost, William E. - In: Agricultural Economics Research (1976) 3
A theoretical model is reviewed and used to evaluate the effects of currency devaluation or revaluation on production …, consumption, trade, and price in both exporting and importing countries. The model is applied to the effects of devaluation on the … agricultural sector, when supply and demand are inelastic. Based on the analysis, devaluation will have only a small impact on …