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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,...

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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Cerra, Valerie (Auteur), Tekin, Serpil (Auteur), Turnovsky, Stephen J. (Auteur)
Collectivité auteur: IMF Institute
Format: Électronique eBook
Langue:Inglés
Publié: Washington, D.C. : International Monetary Fund, ©2008.
©2008
Collection:IMF working paper ; WP/08/204.
Sujets:
Accès en ligne:Texto completo