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E-book
Author Stučka, Tihomir, author

Title The effects of exchange rate change on the trade balance in Croatia / prepared by Tihomir Stucčka
Published [Washington, D.C.] : International Monetary Fund, [2004]
©2004
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Description 1 online resource (29 pages) : illustrations
Series IMF working paper ; WP/04/65
IMF working paper ; WP/04/65
Summary 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
Notes "April 2004."
At head of title: Office of the Executive Director for Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, the former Yugoslav Republic of Macedonia, Moldova, Kingdom of the Netherlands, Romania and Ukraine
Bibliography Includes bibliographical references (pages 26-29)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Balance of trade -- Croatia.
Foreign exchange rates -- Croatia.
Form Electronic book
Author International Monetary Fund. Office of the Executive Director for Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, the former Yugoslav Republic of Macedonia, Moldova, Kingdom of the Netherlands, Romania and Ukraine, issuing body
ISBN 1281429988
1451895291
9781281429988
9781451895292