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While it is often argued that exchange rate depreciation has a beggar-thy-neighbour effect, in this paper, we investigate, whether exchange rate depreciation has a beggarthyself effect. Specifically, we explore the distributional consequences of Exchange rate movements. Using a heterogeneous...
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This paper studies market expectations of a devaluation of the Irish pound from 1987 to 1993 and relates them to the … evolution of Ireland’s competitiveness over the same period. Changes in expectations of the currency’s devaluation can be … trade diversification recorded by Ireland during the 1980s. The devaluation of the Irish pound in January 1993 is estimated …
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