Monetary stability or more devaluation?
AbstractCurrency instability, periodic inconvertibility, higher inflation and interest rates-all products of the currency crisis-all damage incentives to investment, growth and performance of the real economy. Nominal devaluation may lead to long-term improve-ment in competitiveness but large improvements require other steps as well: removal of protection, improved efficiency and reduction of the costs of law and order, public administration, public utilities and other infrastructure, and improvements in the quality of the workforce. The currency depreciation will only be a step on the long path to development if it is supported by a return to disciplined expenditure and monetary stability.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pacific Economic Bulletin Papers in its journal Pacific Economic Bulletin.
Volume (Year): 10 ()
Issue (Month): 1 ()
Contact details of provider:
Postal: Crawford Building, Lennox Crossing, Building #132, Canberra ACT 0200
Phone: +61 2 6125 4705
Fax: +61 2 6125 5448
Web page: http://peb.anu.edu.au/
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Crawford Webmaster).
If references are entirely missing, you can add them using this form.