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Foreign aid and real exchange rate adjustments in a financially constrained dependent economy /
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no long-run impact on the real exchange rate. A decline in the traded sector occurs because aid,...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/204. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 082 | 0 | 4 | |a 338.91 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Cerra, Valerie, |e author. | |
| 245 | 1 | 0 | |a Foreign aid and real exchange rate adjustments in a financially constrained dependent economy / |c prepared by Valerie Cerra, Serpel Tekin, and Stephen J. Turnovsky. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2008. | ||
| 264 | 4 | |c ©2008 | |
| 300 | |a 1 online resource (45 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 500 | |a At head of title: IMF Institute. | ||
| 500 | |a "August 2008." | ||
| 504 | |a Includes bibliographical references (pages 43-45). | ||
| 520 | |a A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no long-run impact on the real exchange rate. A decline in the traded sector occurs because aid, being denominated in traded output, substitutes for exports in financing imports. While untied aid causes short-run real exchange appreciation, this response is very temporary and negligibly small. Tied aid, by influencing sectoral productivity, does generate permanent relative price effects. The analysis, which employs extensive numerical simulations, emphasizes the tradeoffs between real exchange adjustments, long-run capital accumulation, and economic welfare, associated with alternative forms of foreign aid. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 8 | |a 6. Sensitivity to Borrowing Premium: Productive Transfer to Traded Sector 7. Sensitivity to Borrowing Premium: Productive Transfer to Nontraded Sector; Appendix; References | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Economic assistance |x Econometric models. | |
| 650 | 0 | |a Foreign exchange rates |x Econometric models. | |
| 650 | 0 | |a Structural adjustment (Economic policy) |x Econometric models. | |
| 650 | 6 | |a Aide économique |x Modèles économétriques. | |
| 650 | 6 | |a Taux de change |x Modèles économétriques. | |
| 650 | 6 | |a Ajustement structurel (Économie) |x Modèles économétriques. | |
| 650 | 7 | |a Economic assistance |x Econometric models |2 fast | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models |2 fast | |
| 650 | 7 | |a Structural adjustment (Economic policy) |x Econometric models |2 fast | |
| 650 | 7 | |a Entwicklungshilfe. |2 stw | |
| 650 | 7 | |a Kaufkraftparität. |2 stw | |
| 650 | 7 | |a Finanzpolitik. |2 stw | |
| 650 | 7 | |a Theorie. |2 stw | |
| 700 | 1 | |a Tekin, Serpil, |e author. | |
| 700 | 1 | |a Turnovsky, Stephen J., |e author. | |
| 710 | 2 | |a IMF Institute. | |
| 758 | |i has work: |a Foreign aid and real exchange rate adjustments in a financially constrained dependent economy (Text) |1 https://id.oclc.org/worldcat/entity/E39PCG6TpyPWjVWrrcyvM9XPQq |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Cerra, Valerie. |t Foreign aid and real exchange rate adjustments in a financially constrained dependent economy. |d Washington, D.C. : International Monetary Fund, ©2008 |w (OCoLC)316205183 |
| 830 | 0 | |a IMF working paper ; |v WP/08/204. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608019 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1608019 | ||
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| 994 | |a 92 |b IZTAP | ||