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THE GLOBAL EFFECTS OF INTERNAL AND EXTERNAL DEVALUATION ON EXPORT POTENTIAL

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123_PDFsam_NSA1_2015.swf (433.1Kb)
Дата
2015
Автор
Dimitrov, Martin
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Резюме
The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and provides arguments regarding the consequences arising from the implementation of external and internal devaluation policies; the second part examines the dynamics of export as an indicator of post-crisis recovery, which is especially important for countries with open economies upon which external and internal devaluation may have tremendous effects. The conclusion reached as a result of the research states that attitudes unconditionally favouring the devaluation of a national currency as a major tool to support export seem unjustified and should therefore be approached by taking into account potential risks and negative effects.
URI
http://hdl.handle.net/10610/2826
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  • Списание "Народностопански архив"

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