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Marshall-lerner condition, expected market change and exchange rate determination

✍ Scribed by Naci H. Mocan

Book ID
112729343
Publisher
Springer US
Year
1987
Tongue
English
Weight
80 KB
Volume
15
Category
Article
ISSN
0197-4254

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Real exchange rate effects on the balance of trade: cointegration and the Marshall–Lerner condition
✍ Derick Boyd; Gugielmo Maria Caporale; Ron Smith πŸ“‚ Article πŸ“… 2001 πŸ› John Wiley and Sons 🌐 English βš– 218 KB πŸ‘ 1 views

## 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