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Growth and poverty reduction under globalization : the systematic impact of exchange rate misalignment

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An evaluation of the contractionary devaluation hypothesis

Bebczuk, Ricardo (contributor); … - 2006

Recent empirical and theoretical literature on the impact of real exchange rate devaluations on economic performance questions the traditional expansionary effect generated within standard Mundell-Fleming models. Contractionary devaluations may arise when firms face maturity or currency...

Persistent link: https://www.econbiz.de/10003775738