Inventories, Lumpy Trade, and Large Devaluations
نویسندگان
چکیده
منابع مشابه
International Trade with Lumpy Countries
International Trade with Lumpy Countries by Paul N. Courant and Alan V. Deardorff The University of Michigan This paper explores the implications for the pattern of international trade of various differences among regions within countries-what we call lumpiness. It is shown first that if factors of production are immobile among regions, and if they are sufficiently unevenly distributed across t...
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In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the price of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a detailed analysis of the Argent...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1195782