The Pure Theory of Devaluation.

The purpose of this paper is to present a simple theory of devaluation for a world economy in which all prices are flexible. The principal theorem of the analysis is that a devaluation and particular changes in the various money stocks have exactly equivalent effects on the current and future equili...

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Bibliographic Details

Published in:	Economica Vol. 39; no. 155; pp. 309 - 316
Main Author:	Kuska, E. A.
Format:	Article
Published:	Wiley-Blackwell Aug72
Subjects:	Devaluation of currency International economic relations Foreign exchange rates Prices Money supply International trade
Online Access:	View this record in EBSCOhost