TY - JOUR AB - 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. VL - 19 IS - 4 SN - 0144-3585 DO - 10.1108/01443589210021424 UR - https://doi.org/10.1108/01443589210021424 AU - Lai Ching‐chong AU - Chang Wen‐ya PY - 1992 Y1 - 1992/01/01 TI - Do Self‐fulfilling Expectations of Currency Devaluation Improve the Balance of Payments? T2 - Journal of Economic Studies PB - MCB UP Ltd Y2 - 2024/04/25 ER -