Since 2014
Numerical Exercise on Devaluation and Debt Repudiation
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
Numerical Exercise on Devaluation and Debt Repudiation
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| Creator |
Bautista, Carlos C.; Assistant Professor of Economics, University of the Philippines
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| Subject |
—
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| Description |
The paper extends the Gylfason and Schmid model to analyze the effects of devaluation and debt repudiation on a post—crisis economy. Simulation experiments were conducted using this model. The numerical results indicate that devaluation can be contractionary but repudiation can dampen the negative effects of a devaluation. Devaluation can be expansionary in the model depending on the amount of imported intermediate input use and/or on the value of the substitution elasticity.
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
1989-12-07
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/284
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| Source |
Philippine Review of Economics; Vol 26, No 2 (1989)
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/284/430
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| Rights |
Copyright (c) 2017 Philippine Review of Economics
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