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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/7657
Title: | Modelling the Devaluation of the Greek Currency |
Authors: | Theodore Mariolis |
Issue Date: | 2014 |
Publisher: | Business Perspectives |
Abstract: | This paper combines dynamic input-output price models with Thirlwall's extended model of balance of payments constrained growth to estimate the effect of a switch to drachma on domestic income. The findings suggest that a return to national currency would not necessarily deepen the recession, although a rather large nominal devaluation, i.e. in excess of 57%- 60%, is necessary for the recovery. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/7657 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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Modelling the Devaluation of the Greek Currency - Theodore Mariolis.pdf Restricted Access | 1.07 MB | Adobe PDF | View/Open Request a copy |
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