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La Dinámica de Ajuste del Tipo de Cambio Real y la Tasa de Interés Real luego de una Devaluación

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  • Guillermo Le Fort

Abstract

An economy under a fundamental disequilibrium in the balance of payments must reallocate resources to the production of internationally traded goods. The adjustment could be produced by a devaluation of the domestic currency or by a contraction in spendin

Suggested Citation

  • Guillermo Le Fort, 1986. "La Dinámica de Ajuste del Tipo de Cambio Real y la Tasa de Interés Real luego de una Devaluación," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 23(68), pages 49-68.
    • Handle: RePEc:ioe:cuadec:v:23:y:1986:i:68:p:49-68
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    References listed on IDEAS

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    8. Maurice Obstfeld, 1984. "Capital Flows, the Current Account, and the Real Exchange Rate: Consequences of Liberalization and Stabilization," NBER Working Papers 1526, National Bureau of Economic Research, Inc.
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