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External Devaluations

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Source: External Devaluations : Are Small States Different?

Volume/Issue: 2015/240

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia , Aliona Cebotari , Kevin Greenidge , and Geoffrey Keim


Publication Date: 23 November 2015

ISBN: 9781513512914

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...