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Exchange Rates, Pricing- to-Marke t Strategies, and the Marshall-Lerner Condition

✍ Scribed by Jacques Rene Jean Bughin

Book ID: 111005609
Publisher: John Wiley and Sons
Year: 1996
Tongue: English
Weight: 474 KB
Volume: 4
Category: Article
ISSN: 0965-7576
DOI: 10.1111/j.1467-9396.1996.tb00097.x

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## Abstract A typical finding in the empirical literature is that import and export demand elasticities are rather low, and that the Marshall–Lerner (ML) condition does not hold. However, despite the evidence against the ML condition, the consensus is that real devaluations do improve the balance o