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Real exchange rates and economic growth in developing countries: Is devaluation contractionary?

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  • Nunnenkamp, Peter
  • Schweickert, Rainer

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  • Nunnenkamp, Peter & Schweickert, Rainer, 1990. "Real exchange rates and economic growth in developing countries: Is devaluation contractionary?," Kiel Working Papers 405, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:405
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    References listed on IDEAS

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    1. International Monetary Fund, 1987. "Theoretical Aspects of the Design of Fund-Supported Adjustment Programs," IMF Occasional Papers 1987/007, International Monetary Fund.
    2. Van Wijnbergen, S., 1983. "Interest rate management in LDC's," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 433-452, September.
    3. Carlos F. Diaz Alejandro, 1963. "A Note on the Impact of Devaluation and the Redistributive Effect," Journal of Political Economy, University of Chicago Press, vol. 71, pages 577-577.
    4. Guitian, Manuel, 1976. "The effects of changes in the exchange rate on output, prices and the balance of payments," Journal of International Economics, Elsevier, vol. 6(1), pages 65-74, February.
    5. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    6. Islam, Shafiqul, 1984. "Devaluation, stabilization policies and the developing countries : A macroeconomic analysis," Journal of Development Economics, Elsevier, vol. 14(1), pages 37-60.
    7. William H. Branson, 1986. "Stabilization, Stagflation, and Investment Incentives: The Case of Kenya, 1979-1980," NBER Chapters, in: Economic Adjustment and Exchange Rates in Developing Countries, pages 267-294, National Bureau of Economic Research, Inc.
    8. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1, March.
    9. Hanson, James A., 1983. "Contractionary devaluation, substitution in production and consumption, and the role of the labor market," Journal of International Economics, Elsevier, vol. 14(1-2), pages 179-189, February.
    10. Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
    11. Fischer, Bernhard & Spinanger, Dean, 1986. "Factor market distortions and export performance: An eclectic review of the evidence," Kiel Working Papers 259, Kiel Institute for the World Economy (IfW Kiel).
    12. Gylfason, Thorvaldur & Risager, Ole, 1984. "Does devaluation improve the current account?," European Economic Review, Elsevier, vol. 25(1), pages 37-64, June.
    13. Balassa, Bela, 1984. "Adjustment policies in developing countries: A reassessment," World Development, Elsevier, vol. 12(9), pages 955-972, September.
    14. International Monetary Fund, 1988. "The Macroeconomic Effects of Fund-Supported Adjustment Programs: An Empirical Assessment," IMF Working Papers 1988/113, International Monetary Fund.
    15. Ravi Gulhati & Swadesh Bose & Vimal Atukorala, 1986. "Exchange Rate Policies in Africa: How Valid Is the Scepticism?," Development and Change, International Institute of Social Studies, vol. 17(3), pages 399-423, July.
    16. Willett:, Thomas D., 1986. "Exchange-rate volatility, international trade, and resource allocation: A perspective on recent research," Journal of International Money and Finance, Elsevier, vol. 5(1, Supple), pages 101-112, March.
    17. Thorvaldur Gylfason & Michael Schmid, 1983. "Does Devaluation Cause Stagflation?," Canadian Journal of Economics, Canadian Economics Association, vol. 16(4), pages 641-654, November.
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    Cited by:

    1. Fisera, Boris & Workie Tiruneh, Menbere & Hojdan, David, 2021. "Currency depreciations in emerging economies: A blessing or a curse for external debt management?," International Economics, Elsevier, vol. 168(C), pages 132-165.
    2. Nunnenkamp, Peter & Schweickert, Rainer, 1990. "Adjustment policies and economic growth in developing countries: is devaluation contractionary?," Open Access Publications from Kiel Institute for the World Economy 1449, Kiel Institute for the World Economy (IfW Kiel).

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