Search Results for Internal devaluation

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The paper studies the impacts of wage moderation in the euro area. Simulation results show that...

The euro area periphery countries and the Baltic countries, which had large current account...

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The...

The paper shows that changing market beliefs about currency risk can generate a self-fulfilling...

The paper investigates whether the macroeconomic effects of external devaluations have...

Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether...