Global Production and Currency Devaluation*
نویسندگان
چکیده
منابع مشابه
Global Production and Currency Devaluation
This simple paper models the production allocation choices of a multinational enterprise (MNE) in a three-country framework -a northern country and two southern countries. The products made in the southern countries are of lower quality, and have higher substitutability than those between the south and the north. We investigate how exchange rates affect production, employment, profits and welfa...
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This paper studies ̄rm-level investment in the wake of the Mexican peso crisis of 1994. While exporters outperform nonexporters in terms of pro ̄ts and sales after the devaluation, their investment is constrained by weak balance sheets. Speci ̄cally, we ̄nd that ̄rms with heavy exposure to short-term foreign currency debt before the devaluation experienced relatively low levels of post-devaluation...
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It appears likely that the number of currencies in the world, having proliferated along with the number of countries over the past 50 years, will decline sharply over the next two decades. The question I plan to pose here is: where, from an economic point of view, should we aim for this process to stop? Should there be a single world currency, as Richard Cooper (1984) boldly envisioned? Should ...
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Robust supplier selection problem, in a scenario-based approach has been proposed, when the demand and exchange rates are subject to uncertainties. First, a deterministic multi-objective mixed integer linear programming is developed; then, the robust counterpart of the proposed mixed integer linear programming is presented using the recent extension in robust optimization theory. We discuss dec...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2006
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2006.00570.x