Foreign capital and the contractionary impact of currency devaluation, with an application to Jamaica

The paper analyzes the effects of currency devaluation in a small open economy host to foreign capital. Using a short-run macroeconomic model of the Krugman-Taylor type, it is shown, that the presence of foreign capital provides devaluation with an additional contradictory mechanism, besides those a...

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Bibliographische Detailangaben
Veröffentlicht in:Journal of development economics
1. Verfasser: Barbone, Luca (VerfasserIn)
Weitere Verfasser: Rivera-Batiz, Francisco L. (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1987
Schlagworte:
Auslandsinvestition > Wechselkurs > Jamaika > Währungspolitik > Steuerpolitik > Abwertung > Direktinvestition > Aufsatz in Zeitschrift
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