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150128 ||| eng |
020 |
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|a 9781451848717
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100 |
1 |
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|a Stucka, Tihomir
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245 |
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|a The Effects of Exchange Rate Change on the Trade Balance in Croatia
|c Tihomir Stucka
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 30 pages
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651 |
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4 |
|a Croatia, Republic of
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653 |
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|a Price indexes
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653 |
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|a Inflation
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653 |
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|a Investment
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653 |
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|a Balance of trade
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653 |
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|a Deflation
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653 |
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|a Real effective exchange rates
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653 |
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|a Trade balance
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653 |
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|a Currency
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653 |
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|a Exports and Imports
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653 |
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|a Intangible Capital
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653 |
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|a International economics
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653 |
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|a National accounts
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a International Policy Coordination and Transmission
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653 |
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|a International Finance: General
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653 |
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|a Depreciation
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653 |
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|a Saving and investment
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653 |
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|a International trade
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653 |
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|a Investments: General
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653 |
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|a Producer price indexes
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Capacity
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653 |
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|a Empirical Studies of Trade
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653 |
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|a Exchange rates
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653 |
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|a Capital
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653 |
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|a Foreign exchange
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|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451848717.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2004/065/001.2004.issue-065-en.xml?cid=17133-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a A reduced-form model approach was used to estimate the trade balance response to permanent domestic currency depreciation. For this purpose, long-run and short-run effects were estimated, using three modeling methods along with two real effective exchange rate measures. On average, a 1 percent permanent depreciation improves the equilibrium trade balance by between 0.94 percent and 1.3 percent. The new equilibrium is established after approximately 2.5 years. Evidence of the J-curve is also found. Overall, in the light of the results obtained, it is questionable whether permanent depreciation is desirable to improve the trade balance, taking into account potential adverse effects on the rest of the economy
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