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,...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Cerra, Valerie (Author), Tekin, Serpil (Author), Turnovsky, Stephen J. (Author)
Corporate Author: IMF Institute
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, ©2008.
©2008
Series:IMF working paper ; WP/08/204.
Subjects:
Economic assistance > Econometric models.
Foreign exchange rates > Econometric models.
Structural adjustment (Economic policy) > Econometric models.
Aide économique > Modèles économétriques.
Taux de change > Modèles économétriques.
Ajustement structurel (Économie) > Modèles économétriques.
Economic assistance > Econometric models
Foreign exchange rates > Econometric models
Structural adjustment (Economic policy) > Econometric models
Entwicklungshilfe.
Kaufkraftparität.
Finanzpolitik.
Theorie.
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