The Effects of Exchange Rate Change on the Trade Balance in Croatia

The Effects of Exchange Rate Change on the Trade Balance in Croatia
A reduced-form model approach was used to estimate the trade balance response to permanent domestic currency depreciation. For this purpose, long-run and short-run effects were estimated, using three modeling methods along with two real effective exchange rate measures. On average, a 1 percent permanent depreciation improves the equilibrium trade READ MORE...

Publication date: April 2004
ISBN 9781451848717
$15.00

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