Devaluation Relative Prices And International Trade

Author : Ms.Carmen Reinhart
Publisher : International Monetary Fund
Page : 30 pages
File Size : 53,9 Mb
Release : 1994-11-01
Category : Business & Economics
ISBN : 9781451928679

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Devaluation, Relative Prices, and International Trade by Ms.Carmen Reinhart Pdf

Devaluation is an integral part of adjustment in many developing countries, particularly relied upon by countries facing large external imbalances. A devaluation can only reduce trade imbalances if it translates to a real devaluation and if trade flows respond to relative prices in a significant and predictable manner. However, a recent strand in the empirical trade literature has questioned the existence of a stable relationship between trade flows and its traditional determinants. This paper re-examines the relationship between relative prices and imports and exports in a sample of 12 developing countries.

Author : Carmen M. Reinhart
Publisher : Unknown
Page : 30 pages
File Size : 51,5 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213008

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Devaluation, Relative Prices, and International Trade by Carmen M. Reinhart Pdf

Devaluation is an integral part of adjustment in many developing countries, particularly relied upon by countries facing large external imbalances. A devaluation can only reduce trade imbalances if it translates to a real devaluation and if trade flows respond to relative prices in a significant and predictable manner. However, a recent strand in the empirical trade literature has questioned the existence of a stable relationship between trade flows and its traditional determinants. This paper re-examines the relationship between relative prices and imports and exports in a sample of 12 developing countries.

Author : Pan A. Yotopoulos
Publisher : Cambridge University Press
Page : 356 pages
File Size : 45,9 Mb
Release : 1996
Category : Business & Economics
ISBN : 052148216X

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Exchange Rate Parity for Trade and Development by Pan A. Yotopoulos Pdf

This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.

Author : Richard N. Cooper
Publisher : Princeton, N.J. : International Finance Section, Princeton University
Page : 48 pages
File Size : 50,6 Mb
Release : 1971
Category : Business & Economics
ISBN : UOM:49015001125898

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Currency Devaluation in Developing Countries by Richard N. Cooper Pdf

Author : United States Tariff Commission
Publisher : Unknown
Page : 32 pages
File Size : 51,6 Mb
Release : 1973
Category : Electronic
ISBN : STANFORD:36105128860215

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The Impact of Devaluation on Changes in United States Foreign Trade by United States Tariff Commission Pdf

Author : Evangelos A. Devletoglou
Publisher : Unknown
Page : 88 pages
File Size : 48,7 Mb
Release : 1966
Category : Balance of trade
ISBN : STANFORD:36105120558205

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Devaluation and the Stability of the Trade Balance by Evangelos A. Devletoglou Pdf

Author : Robert Mitchell Stern,Jonathan Francis,Bruce Schumacher
Publisher : Trade Policy Research Centre
Page : 392 pages
File Size : 53,5 Mb
Release : 1976
Category : Business & Economics
ISBN : UCSC:32106002827860

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Price Elasticities in International Trade by Robert Mitchell Stern,Jonathan Francis,Bruce Schumacher Pdf

Author : Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 87 pages
File Size : 52,9 Mb
Release : 2012-01-15
Category : Business & Economics
ISBN : 9781463973100

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Changing Patterns of Global Trade by Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen Pdf

Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

Author : HARRY G. JOHNSON
Publisher : Unknown
Page : 212 pages
File Size : 45,5 Mb
Release : 1967
Category : Electronic
ISBN : 8210379456XXX

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INTERNATIONAL TRADE AND ECONOMIC GROWTH by HARRY G. JOHNSON Pdf

Author : Carlos Federico Díaz Alejandro
Publisher : MIT Press (MA)
Page : 234 pages
File Size : 42,7 Mb
Release : 1966
Category : Business & Economics
ISBN : UOM:39015011926071

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Exchange-rate Devaluation in a Semi-industrialized Country by Carlos Federico Díaz Alejandro Pdf

Argentina. Thesis on the impact of devaluation of the foreign exchange rate on the economy and on the balance of payments - includes economic theory of devaluation, the structure and nature of savings and investment, the problem of inflation, features of foreign trade, monetary policy, etc. Bibliography pp. 196 to 203.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 224 pages
File Size : 42,9 Mb
Release : 1995-01-01
Category : Business & Economics
ISBN : 9781451930900

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IMF Staff papers, Volume 42 No. 4 by International Monetary Fund. Research Dept. Pdf

This paper describes early contributions of Staff Papers to international economics. The paper highlights that Staff Papers has, since its inception in 1950, been an important vehicle for the dissemination of research done by the IMF staff. This paper discusses three areas in which articles published in Staff Papers up until the 1970s made major contributions to the literature in international economics. The areas covered are: the absorption approach and the monetary theory of the balance of payments; the Mundell-Fleming model; and foreign trade modeling.

Author : Peter B Kenen
Publisher : Routledge
Page : 405 pages
File Size : 40,7 Mb
Release : 2019-09-06
Category : Political Science
ISBN : 9781000302608

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The International Monetary System by Peter B Kenen Pdf

For 50 years, the International Finance Section at Princeton University has encouraged and published work in international finance. This volume, a semicentennial celebration of the Section's essays in international finance, is comprised of 12 essays.

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 70 pages
File Size : 45,9 Mb
Release : 2011-06-15
Category : Business & Economics
ISBN : 9781498338769

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Changing Patterns of Global Trade by International Monetary Fund. Strategy, Policy, & Review Department Pdf

The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times the level in the early 1950s, in large part driven by the integration of rapidly growing emerging market economies (EMEs). The expansion in trade is mostly accounted for by growth in noncommodity exports, especially of high-technology products such as computers and electronics. It is also characterized by a growing role of global supply chains and an ongoing shift of technology content toward EMEs. These developments in global trade have been associated with growing trade interconnectedness and carry important implications for trade patterns, in particular in response to relative price changes. The aim of this paper is to outline the factors underlying these changes and analyze their implications for the outlook for global trade patterns.

Author : Peter B. Kenen
Publisher : Cambridge University Press
Page : 561 pages
File Size : 48,7 Mb
Release : 2008-07-10
Category : Business & Economics
ISBN : 9780521068741

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International Trade and Finance by Peter B. Kenen Pdf

The nine papers in this volume were written for a conference on research in international trade and finance held at Princeton University in March 1973. Each author was asked to survey research on one major topic, with a view to answering three questions: What have we learned from recent empirical research? What are the major gaps in present knowledge? How should we go about filling those gaps? When answering the second question, authors were urged to look at the practical requirements of those who must make policy concerning the international economy, and at the opportunities and insights offered by recent developments in pure theory. When answering the third, they were urged to look at developments in econometric technique, newly available data, and work in progress in related fields.

Author : Mr.Charalambos G. Tsangarides,Mr.Carlo Cottarelli,Mr.Atish R. Ghosh,Mr.Gian Milesi-Ferretti
Publisher : International Monetary Fund
Page : 352 pages
File Size : 47,6 Mb
Release : 2008-09-08
Category : Business & Economics
ISBN : 9781589067288

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Exchange Rate Analysis in Support of IMF Surveillance by Mr.Charalambos G. Tsangarides,Mr.Carlo Cottarelli,Mr.Atish R. Ghosh,Mr.Gian Milesi-Ferretti Pdf

Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. Each year, IMF staff produce dozens of studies on exchange rate issues, some published by the IMF, others in various professional journals or books. This book aims to give a flavor of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime.