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| dc.title | The Question is Not Whether "To Devalue or Not to Devalue?" But Rather "What to Devalue?" |
| dc.contributor.author | Ruprah, Inder J. |
| dc.contributor.orgunit | Country Department Caribbean Group |
| dc.coverage | The Caribbean |
| dc.date.available | 2013-10-31T00:00:00 |
| dc.date.issue | 2013-10-31T00:00:00 |
| dc.description.abstract | In this policy brief, we review the problem of a lack of competitiveness and the policy options to improve competitiveness and hence promote economic growth. Inadequate competitiveness can be measured as a sustained current account deficit of the balance of payments. We discuss the advantages and disadvantages of three devaluation policy options: an external devaluation, an internal devaluation, and a fiscal devaluation. We conclude that the latest fashionable option, fiscal devaluation, offers gain with no pain but detailed country-specific simulations are needed to determine which option is the better one. |
| dc.format.extent | 18 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0008431 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/The-Question-is-Not-Whether-To-Devalue-or-Not-to-Devalue-But-Rather-What-to-Devalue.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Monetary Policy |
| dc.subject | Investment |
| dc.subject.jelcode | E62 - Fiscal Policy |
| dc.subject.jelcode | F32 - Current Account Adjustment • Short-Term Capital Movements |
| dc.type | Policy Briefs |
| idb.identifier.pubnumber | Policy Briefs |
| idb.operation | RG-P1490 |