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The Complex Dynamics of Real Exchange Rates with Countercyclical Balance of Trade

✍ Scribed by Chin-Chang Lai


Book ID
110261431
Publisher
Springer US
Year
1997
Tongue
English
Weight
103 KB
Volume
8
Category
Article
ISSN
0923-7992

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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