Economy can be pretentious by the progression of devaluation or depreciation of local currency either positively or negatively. The improvement in trade balance is considered as one of the significant and beneficial impacts occurring on account of devaluation by means of an increase in the...

This paper evaluates Zimbabwe's exchange rate policy before and during the post-1997 currency and economic crisis. This is achieved by conducting simulations of an exchange rate regime evaluation model that minimizes the conditional variance of real output following Agbeyegbe and Osakwe (2005)....

We study the consequences of "regime-induced" exchange rate depreciations by comparing outcomes for peggers versus floaters to the US dollar in response to a dollar depreciation. Pegger currencies depreciate relative to floater currencies and these depreciations are strongly expansionary. The...