Centro de Documentacion de Fundación MAPFRE

Publication: Barcelona : ESADE, 1990Physical description: 24 p. ; 30 cmSeries: (Papers ESADE ; 40)Notes: Sumario: The devaluation of a currency is usually assumed to improve the trade balance. In the short run, however, there may be a temporary worsening in the nominal trade balance, a J-curve effect, due to a quick adjustment in import prices and a slow reaction of import quantities. Recent empirical evidence, however, shows that import prices do adjust slowly to exchange rate changes.Materia / lugar / evento: Política de precios Gestión financiera Investigación comercial Precios Exportación e importación Comercio internacional Otros autores: Gerlach, Stefan
Escuela Superior de Administración y Dirección de Empresas
Secondary series: Papers ESADE ; 40 Other categories: 921.5

Devaluation, sticky import prices and trade balance adjustment