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Can Devaluation Cause Perverse Effects if the Macroeconomy is Stable?

Author

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  • Syed Zahid Ali

    (International Institute of Islamic Economics, International Islamic University, Islamabad, Pakistan.)

  • W.H. Scarth

    (McMaster University, Hamilton, Ontario, Canada.)

Abstract

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Suggested Citation

  • Syed Zahid Ali & W.H. Scarth, 1994. "Can Devaluation Cause Perverse Effects if the Macroeconomy is Stable?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 1033-1042.
    • Handle: RePEc:pid:journl:v:33:y:1994:i:4:p:1033-1042
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    References listed on IDEAS

    as
    1. J. Saul Lizondo & Peter J. Montiel, 1989. "Contractionary Devaluation in Developing Countries: An Analytical Overview," IMF Staff Papers, Palgrave Macmillan, vol. 36(1), pages 182-227, March.
    2. Buffie, Edward F, 1986. "Devaluation and Imported Inputs: The Large Economy Case," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 123-140, February.
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