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Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries Author info | Abstract | Publisher info | Download info | Related research | Statistics Reinhart, Carmen
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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 sig nificant 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.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6974.
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Date of creation: Jun 1995Date of revision:
Publication status: Published in IMF Staff Papers 2.42(1995): pp. 290-312Handle: RePEc:pra:mprapa:6974Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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Keywords: devaluation imports exports trade elasticities Other versions of this item:
Find related papers by JEL classification: F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements F1 - International Economics - - Trade
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Angelos Antzoulatos & Simone Peart, 1998.
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Shaghil Ahmed, 1999.
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International Finance Discussion Papers
656, Board of Governors of the Federal Reserve System (U.S.).
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Martin Uribe & Vivian Yue, 2004.
"Country spreads and emerging countries: who drives whom? ,"
Proceedings ,
Federal Reserve Bank of San Francisco, issue Jun.
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Other versions: Andreas Billmeier & Dalia Hakura, 2008.
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IMF Working Papers
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David Cook & Michael B. Devereux, 2004.
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Pacific Basin Working Paper Series
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Mabel Cabezas B. & Jorge Selaive C. & Gonzalo Becerra M., 2004.
"Determinants of Non-Mining Exports: A Regional Perspective ,"
Working Papers Central Bank of Chile
296, Central Bank of Chile.
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Martha Misas & María Teresa Ramírez & Luisa Fernanda Silva, .
"Exportaciones no tradicionales en Colombia y sus Determinantes ,"
Borradores de Economia
178, Banco de la Republica de Colombia.
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