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Devaluation and its consequences in developing countries |
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| Authors: | Anne O Krueger |
| Institution: | 1. University of Minnesota, Minneapolis |
| Abstract: | To analyze the role of the trade and payments regime in economic development the National Bureau of Economic Research undertook a major research project on this issue. In this article a brief report on some of the findings pertaining to the effect of exchange rates, i. e. devaluation under exchange control is provided. |
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