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This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...
Persistent link: https://www.econbiz.de/10012476190
This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...
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NBER will serve as a useful basis for further debate on the theory and practice of speculative attacks, as well as a …
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regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely …
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