Browsing MWP Working Papers by Subject "Balance-sheet effects"

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Browsing MWP Working Papers by Subject "Balance-sheet effects"

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    Title: Financial Crises and International Trade: The Long Way to Recovery  Author(s): BERMAN, Nicolas Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: Standard theoretical models would predict that a currency depreciation generates an increase in net exports. However, recent emerging market crises, accompanied by sharp exchange rate devaluation, have often been followed ...