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Gradual Versus Big-Bang Devaluations: An Empirical Analysis

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dc.contributor.authorGeiger, Michael
dc.contributor.authorNguyen, Ha
dc.contributor.authorNguyen, Houng
dc.date.accessioned2018-11-28T22:07:49Z
dc.date.available2018-11-28T22:07:49Z
dc.date.issued2018-10
dc.description.abstractThis paper examines the pros and cons of gradual versus big-bang approaches toward devaluations. It presents original empirical evidence regarding output, consumption, investment and trade balances associated with gradual and big-bang devaluation episodes. It finds that big-bang devaluations are associated with lower output, investment and consumption, while gradual devaluations are not associated with any contemporaneous drops. Five case studies of gradual devaluations are also conducted.en
dc.identifierhttp://documents.worldbank.org/curated/en/844181541168364950/Gradual-Versus-Big-Bang-Devaluations-An-Empirical-Analysis
dc.identifier.doi10.1596/30918
dc.identifier.urihttps://hdl.handle.net/10986/30918
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesMTI Discussion Paper,no. 8;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCURRENCY DEVALUATION
dc.subjectMONETARY POLICY
dc.subjectTRADE BALANCE
dc.subjectINVESTMENT
dc.subjectCAPITAL FLOWS
dc.subjectCONSUMPTION
dc.subjectFISCAL POLICY
dc.titleGradual Versus Big-Bang Devaluationsen
dc.title.subtitleAn Empirical Analysisen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleGradual Versus Big-Bang Devaluations
okr.date.disclosure2018-11-02
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/844181541168364950/Gradual-Versus-Big-Bang-Devaluations-An-Empirical-Analysis
okr.guid844181541168364950
okr.identifier.doi10.1596/30918
okr.identifier.externaldocumentum090224b086555a5a_1_0
okr.identifier.internaldocumentum30580615
okr.identifier.report131800
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/844181541168364950/pdf/131800-MTI-Discussion-Paper-8.pdfen
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitEast Africa (GMTA3)
relation.isAuthorOfPublicationc1c4d7c1-b16a-5f9a-a0ac-f855e347728a
relation.isAuthorOfPublication.latestForDiscoveryc1c4d7c1-b16a-5f9a-a0ac-f855e347728a
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