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Devaluation and its consequences in developing countries

Krueger, Anne O. - In: Intereconomics : review of European economic policy 14 (1979) 1, pp. 19-24

To analyze the role of the trade and payments regime in economic development the National Bureau of Economic Research undertook a major research project on this issue. In this article a brief report on some of the findings pertaining to the effect of exchange rates, i. e. devaluation under...

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