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Adjustment, Investment, and the Real Exchange Rate in Developing Countries

Riccardo FainiJaime De Melo

出版	Country Economics Department, World Bank, 1990
URL	http://books.google.com.hk/books?id=vw6yAAAAIAAJ&hl=&source=gbs_api

註釋

This review of adjustment experience suggests that sharp devaluation of the exchange rate is probably ineffective in countries exporting primary goods. To encourage investment, adjustment packages must do more to ensure a stable macroeconomic environment and appropriate debt relief.