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Do Self‐fulfilling Expectations of Currency Devaluation Improve the Balance of Payments?

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 April 1992

Abstract

Analyses how the status of balance of payments follows se\ill\ fulfilling expectations of currency devaluation. It is found that before a currency devaluation, whether the economy w\ill\ experience a balance‐of‐payments surplus or deficit crucial depends on the degree of capital mobility.

Keywords

Citation

Lai, C. and Chang, W. (1992), "Do Self‐fulfilling Expectations of Currency Devaluation Improve the Balance of Payments?", Journal of Economic Studies, Vol. 19 No. 4. https://doi.org/10.1108/01443589210021424

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited