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capital, and finally will correct the balance of payments. Second, the country can allow the devaluation of national currency … response (devaluation) was associated with smaller loss of output than the first type (monetary contraction). 2008 …
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capital, and finally will correct the balance of payments. Second, the country can allow the devaluation of national currency … response (devaluation) was associated with smaller loss of output than the first type (monetary contraction). 2008 …
Persistent link: https://www.econbiz.de/10013129968
Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based...
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The interaction between the exchange rate regime and macroeconomic stabilization in several transition economies during 1990-1996 was influenced by the persistence of high inflation rates and the initial disequilibrium between the highly undervalued nominal exchange rates in relation to their...
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