Small manufacturing enterprises in developing countries. A valuation model for developing-country debt with endogenous rescheduling. The political economy of economic liberalization. Sites and services...
The debt crisis that began in 1982 forced a number of developing countries that had relied on external financing into rapid adjustment of their current account positions. In many of these countries external...
This paper examines the short-term and long-term effects of a nominal devaluation on the real exchange rate. It is shown that in the absence of supporting policies that limit increases in prices and factor...
This paper examines the effects of external shocks on the real exchange rates of developing countries, and the appropriate policy responses to counteract these. The paper first discusses the principal...