Arbeitspapier
A Devaluation Model for a Small Open Economy
The purpose of this paper is to develop a devaluation model for a small open economy that incorporates the crucial features of non-traded goods, money, and the requirements of portfolio equilibrium. Also, it will be shown in the paper that the exchange rate influences the price level and aggregate output, and therefore it can become a tool of stabilization policy, especially if monetary and fiscal policies are unavailable for this purpose.
- Language
-
Englisch
- Bibliographic citation
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Series: Queen's Economics Department Working Paper ; No. 93
- Classification
-
Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Prachowny, Martin F.J.
- Event
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Veröffentlichung
- (who)
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Queen's University, Department of Economics
- (where)
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Kingston (Ontario)
- (when)
-
1972
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Prachowny, Martin F.J.
- Queen's University, Department of Economics
Time of origin
- 1972
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