Date Published:
Jun 01, 1990
Focus Area(s):
JPD 1990 Vol. XVII No. 2-d

Cast within the framework of small open economy that periodically faces balance of payments crises, the theoretical model developed in this study can be utilized to study the devaluation experiences of the Philippines. Such model provides not only a test for validity and relevance but also an indication of the costs of devaluation as a tool for achieving external balance.


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In other Publications
  1. Haddad, Lawrence et. al. 1995. The gender dimensions of economic adjustment policies: Potential interactions and evidence to date. World Development, 23, no. 6, 881-896. Elsevier.

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