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Adjustment, investment, and the real exchange rate in developing countries.

By: Fauri, Riccardo; Melop, Jaime de.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1990Subject(s): Economic development | Structural Adjustment -- Investments -- Exchange Rate//Developing countries/. -- Structural Adjustment -- Investments -- Exchange Rate//Developing countries/. -- Structural Adjustment -- Investments -- Exchange Rate//Developing countriesSummary: This review of adjustment experience suggests that sharp devaluation of the exchange rate is probably ineffective in countries exporting primary goods.
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