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University of Illinois at Urbana-Champaign
Exchange rate pessimism in Tanzanian macroeconomic policy
Abstract
dc:descriptionTo correct balance of payments disequilibria many developing countries are experiencing, attention is focused on visible trade deficit because capital markets are almost non-existent, capital mobility is strictly controlled and service trade is underdeveloped. Economic theory recommends devaluation if quicker response is needed and the destabilizing effects of contraction of money supply is to be avoided. Results of Marshall-Lerner condition test of some empirical studies indicate that devaluation may not be effective in developing countries thus making policy makers pessimistic on its use.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Economics
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2011
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Muba, Vitalis Eustach
- Contributors dc:contributor
-
- Coes, Donald V.
Subjects
dc:subject × 1Rights
dc:rights- Statement dc:rights
-
- Copyright 1989 Muba, Vitalis Eustach
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
-
AAI9010961
(UMI)AAI9010961 - OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/22643