size and timing of devaluations in capital-controlled developing economies

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National Bureau of Economic Research , Cambridge, MA
Devaluation of currency -- Developing countries -- Econometric models., Foreign exchange rates -- Developing countries -- Econometric mo
StatementRobert Flood, Nancy Marion.
SeriesNBER working paper series -- working paper no. 4957, Working paper series (National Bureau of Economic Research) -- working paper no. 4957.
ContributionsMarion, Nancy Peregrim., National Bureau of Economic Research.
The Physical Object
Pagination23, [16] p. :
ID Numbers
Open LibraryOL22420520M

Conclusion When developing economies maintain controls on capital and currency flows, the size and expected timing of devaluation are jointly determined by the policy authorities. In this paper, we consider the policymaker who pegs the nominal exchange rate and adjusts the peg periodically so as to minimize the flow cost of real exchange-rate misalignment and the control cost of peg by: Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): /w Published: Published as "The Size and Timing of Devaluations in Capital-Controlled Economies", Vol.

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54, no. 1 (October ): The Size and Timing of Devaluations in Capital-Controlled Developing Countries NBER Working Paper No.

w 41 Pages Posted: 10 Jun Last revised: 29 Jul Cited by: Get this from a library. The size and timing of devaluations in capital-controlled developing economies. [Robert P Flood; Nancy Peregrim Marion; National Bureau of Economic Research.].

Get this from a library. The size and timing of devaluations in capital-controlled developing economies. [Robert Flood; Nancy Marion]. Flood, Robert & Marion, Nancy, "The size and timing of devaluations in capital-controlled economies," Journal of Development Economics, Elsevier, vol.

54(1. The Size and Timing of Devaluations in Capital-Controlled Developing Countries. The size and timing of devaluations are jointly determined outcomes of optimizing behavior. The framework yields insights into how changes in the stochastic environment affect both the size and timing of devaluation.

Research Papers size and timing of devaluations in capital-controlled developing economies book Economics. Downloaded Author: Robert Flood and Nancy Marion.

The size and timing of devaluations in capital-controlled economies Journal of Development Economics,54, (1), View citations (6) Collapsing exchange rate regimes: Another linear example Journal of International Economics,41, (), View citations (49) See also Working Paper ().

Journal of Development Economics. Articles in press Latest issue Article collections All issues Submit your article.

Search in this journal. 8th Interamerican Seminar on Economics. Sebastian Edwards. Vol Issue 1, Pages (October ) select article The size and timing of devaluations in capital-controlled economies.

https. The impact of a devaluation may take time to influence the economy. In the short term, demand may be inelastic, but over time demand may become more price elastic and have a bigger effect. State of the global economy.

If the global economy is in recession, then a devaluation may be insufficient to boost export demand. THE title of the book under review, Devaluing to Prosperity: Misaligned Currencies & Their Growth Consequences, is a paradox in that in the real world no country has experienced sustainable growth and a prolonged spell of prosperity through devaluation of its currency vis-a-vis its trading partners.

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Fred Bergsten, a Location: Kasturi Building, Anna Salai,Mount Road, Chennai,Tamil Nadu. Currency Devaluation and Economic Growth The case of Ethiopia Abstract Devaluation of currency has an ambiguous effect on economic growth of a country.

In this paper I analyze the effects of devaluation on GDP per capita growth in Ethiopia using time series data from to File Size: KB. Journal of Development Economics,47, (1), View citations () Books Building Capabilities for Productive Development IDB Publications (Books), Inter-American Development Bank ; Two to Tango: Public-Private Collaboration for Productive Development Policies IDB Publications (Books), Inter-American Development Bank View.

Robert Flood & Nancy Marion, "The Size and Timing of Devaluations in Capital-Controlled Developing Countries," NBER Working PapersNational Bureau of Economic Research, Inc. Carmen Reinhart & Guillermo Calvo & Leonardo Leiderman, Deepening capital markets in emerging economies 5 USD billion in missed opportunities every year Emerging capital markets face challenges regarding the availability, diversity, and pricing of capital.

Significant funding gap: Primary markets are more volatile and less reliable sources of funds for issuers in emerging markets. The Size and Timing of Devaluations in Capital-Controlled Developing Countries NBER Working Paper No.

w Number of pages: 41 Posted: 10 Jun Last Revised: 29 Jul With more than timely economic publications produced each year, our subscription services provide the research and analysis you need.

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despite the large size of their domestic economies. This paper examines the channels through which the impact of. The Expected timing of EMS realignments: (). The size and timing of devaluations in 28 capital-controlled developing economies,”Author: Takatoshi Ito and Yuko Hashimoto.

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The size and timing of devaluations are jointly determined outcomes of optimizing framework yields insights into how changes in the stochastic environment affect both the size and. Flood, Robert, and Nancy Marion. “The Size and Timing of Devaluations in Capital-Controlled Economies.” Journal of Development Econom pp.

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Frankel, Jeffrey, and Shang-Jin Wei. “Trade Blocs and Currency Blocs.” NBER Working Paper No. Gagnon, Joseph. “Exchange Rate Variability and the Level of. Assuming that a developing country has to denominate its debts in the currencies of the principal creditor countries, how is the country’s economic performance affected when currency devaluation occurs.

The aim of this paper is to prove that devaluation can be contractionary and that its occurrence can be the result of a self-fulfilling by: 5.

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The best known studies --Cooper [], Laffer [], Salant [], Miles [], Gylfason and Risager []--reach contradictory conclusions.(1) Cooper and Gylfason and Risager find that devaluations improve the trade balance or current account, while.

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Since independence from Spain inthe country has defaulted on its. Category: Economics Economy; Title: Devaluation. Essay on Impacts of Devaluation on Export Performance - Ethiopian is a low income country (World Bank [WB] ) where Agriculture plays a vital role in the economy contributing 42 percent of Gross Domestic Product (GDP), 80 percent of employment and 90 percent of total export earnings (Ministry of Finance and Economic Development .• To facilitate participatory support in economic development.

• To create a positive attitude towards sustainable economic development 1. INTRODUCTION In the modern, highly competitive world of today, important sources of wealth and economic development are knowledge, learning and innovation (Committee of Technikon Principals ). Abstract. The use and effectiveness of capital controls in emerging market economies is important to examine because of the potentially damaging effects that these controls may have on a country’s economic growth and development, especially if the country in question is growing at a .