Series: IMF Working Papers
Author(s): Sebastian Acevedo Mejia , Aliona Cebotari , Kevin Greenidge , and Geoffrey Keim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 November 2015
Keywords: external devaluation, devaluations, exchange rate, devaluation, currency, consumption, Studies of Particular Policy Episodes, Economic Growth of Open Economies, All Countries,
The paper investigates whether the macroeconomic effects of external devaluations have systematically different effects in small states, which are typically more open and less diversified than larger peers. Through...