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An Investigation of the Effect of Devaluation of The Currency on Balance of Payments (To Examine Marshal Lerner Condition in Iran)

Farhad Dejpasand; Hossein Goudarzi

Volume 9, Issue 34 , October 2009, , Pages 15-41

Abstract
  Applied study about developing countries indicates real devaluation of the currency has different effect on balance of payments. Devaluation of the currency can improve balance of payment if the exchange market was in the relative stability and monetary and fiscal policy was also specified and not expansionary. ...  Read More