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The effects of real exchange rate risk on international trade

✍ Scribed by David O. Cushman

Book ID
115979233
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
913 KB
Volume
15
Category
Article
ISSN
0022-1996

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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