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Trade Policy and Macroeconomic Balance in the World Economy.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Working Papers; Working Paper ; No. 1988/101
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (22 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1988.
- Language Note:
- English
- Summary:
- The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no presumption that protection would reduce a deficit. With a fixed exchange rate, the effect on savings and investment is brought about by the reduction in absorption that is required to maintain internal balance when restrictions are imposed. A current account deficit or real appreciation may generate protectionist pressures stimulated by “conservative resistance.”.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9781455296941
- 1455296945
- 9781462349944
- 1462349943
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