Devaluation
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Recent papers in Devaluation
In ancient China, early bronze 'tool money' came to be replaced by round bronze coins that were supplemented by uncoined gold and silver bullion, whereas in the Greco-Roman world, precious-metal coins dominated from the beginnings of... more
CHAPTER 8 Economic Reforms, Growth, and Governance: The Political Economy Aspects of Bangladesh's Development Surprise Wahiduddin Mahmud, Sadiq Ahmed, and Sandeep Mahajan Bangladesh emerged from its war of independence desperately... more
Invited presentation to the 1994 Reykjavik Conference: "Beyond Normalization: Toward a society for all."
Relationship research and theory recognizes that individuals continue to monitor the availability of their romantic/sexual prospects whether or not they are already in a committed relationship. We use the term back burner to describe a... more
This paper argues that taking up questions of value can help political ecologists and economists develop a more powerful analysis of the green economy, as it introduces new urban, industrial, and technological dimensions into a... more
M ême les institutions de microfinance (IMF) les plus matures doivent surveiller leur bilan pour gérer les risques financiers. Toutes les institutions financières prennent des risques pour gagner de l'argent. La gestion des risques permet... more
Καταγράφονται και αναλύονται διεξοδικά, μέσα από το εθνομεθοδολογικό πλαίσιο της Ανάλυσης Συμμετοχικής Κατηγοριοποίησης/Ανάλυσης της Συνομιλίας, δημόσιες επιτελέσεις και αποδόσεις φύλου οι οποίες (ανα)παράγουν την καθημερινή σεξιστική... more
Decline in gold imports and turnaround in exports helped narrow India's current account gap sharply to $5.2 billion, or 1.2 percent of GDP, in the July-September quarter of this fiscal 2013-14. The paper intended to analyze the... more
Agricultural Land Redistribution: Toward Greater Consensus addresses a major policy dilemma: how to benefit from the development gains agricultural land redistribution is expected to generate while avoiding the losses caused by the highly... more
The Clusters refer to a group of disorders characterized by maladaptive and dramatic traits that cause great stress: – Cluster-A: Paranoid and Schizoid ; Cluster-B: Antisocial, Borderline, Histrionic & Narcissistic. ; Cluster-C: Avoidant,... more
I am broadly sympathetic to Dale Matthew's analysis. However, in what follows, I restrict my remarks to a few areas where I think he either lacks empirical precision, or overstates his case.
Abstract: This paper explores the impact of nominal exchange rate devaluation on the trade balance for Malawi. A small-open economy IS-LM aggregate supply model of Malawi estimated using time series data covering the period 1967–96 is... more
Creating a single European currency has, undoubtedly two great advantages: on the one hand, lower transaction costs resulting from exchanging various national currencies and, on the other hand, removing the uncertainty arising from these... more
This paper describes the recent reforms of pension policies adopted by Argentina and Chile. The structural reforms in the 1980s and 90s were targeted on improving the long term fiscal sustainability of the system and their institutional... more
The failure of the strategies so far adopted to stimulate an anemic economic growth fueled the debate on the theoretical principles underlying the prevailing crisis interpretations. Considering the decline in average investment... more
This paper examines the role of exchange rates in determining the short-and-long-run trade balance behavior for Colombia. Conventional wisdom says that a nominal devaluation improves the trade balance. This conjecture is rooted in the... more
Attempts to achieve real depreciation through continuous devaluation or by accelerating the rate of crawlwhen not supported by changes in other policies and in the underlying conditionsusually end up increasing inflation, yet remain... more
Foreign trade policies of any country secure the utilization of internal and external resources. By accepting this fact in India protected inward oriented strategy (import substitution and related policy) had been adopted by the policy... more
Foreign trade policies of any country secure the utilization of internal and external resources. By accepting this fact in India protected inward oriented strategy (import substitution and related policy) had been adopted by the policy... more
Trade policies cannotresolw current account problems.
The problem of money, which was inherited from the Ottoman Empire to the Republic of Turkey, began in 1914 with the start of the First World War (WW1). Paper money, which was printed in 1915, continuously depreciated until 1929 (Aral,... more