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- W3122316861 abstract "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." @default.
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- W3122316861 date "1994-11-01" @default.
- W3122316861 modified "2023-09-27" @default.
- W3122316861 title "Devaluation, Relative Prices, and International Trade" @default.
- W3122316861 hasPublicationYear "1994" @default.
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