• Title of article

    Are currency devaluations effective? A panel unit root test

  • Author/Authors

    Chou، Win Lin نويسنده , , Chao، Chi-Chur نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    -18
  • From page
    19
  • To page
    0
  • Abstract
    Using a panel unit root test with real exchange rate volatility measures, this paper shows that currency devaluation leads to a short-run contractionary effect for the crisisaffected Asian economies. In addition, devaluation is ineffective in the long run in influencing aggregate output
  • Keywords
    Repeated market , Subgame perfection , Positive price constraint , Mark-up
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    21691

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=21691