Why Are Crisis-Induced Devaluations Contractionary? Exploring Alternative Hypotheses
نویسندگان
چکیده
منابع مشابه
Are Crisis-Induced Devaluations Contractionary?
Why are some currency crises followed by economic contractions while others are not? This paper is an attempt at answering this query. In particular, we investigate two closely related questions. First, we explore whether there is a difference in the output effects of a devaluation during “normal” periods versus crises ones; after all, during noncrisis periods, real exchange devaluation is seen...
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ژورنال
عنوان ژورنال: Journal of Economic Integration
سال: 2006
ISSN: 1225-651X,1976-5525
DOI: 10.11130/jei.2006.21.3.526