IDEAS home Printed from https://ideas.repec.org/a/bla/agecon/v7y1992i3-4p225-243.html
   My bibliography  Save this article

Effects of adjustment of the green drachma to its current exchange rate

Author

Listed:
  • Nicholas C. Baltas

Abstract

Between 1981 and 1988, the drachma has devalued by 62.5% against the ECU. Until mid‐1985 any devaluation of the drachma was followed by a corresponding devaluation of the ‘green drachma‘. After that period, the green rate either remained unchanged or changed by a substantially smaller percentage, resulting in farmers' income loss and consumers' gain. The aim of this paper is to investigate the welfare effects on production/producer, consumption/consumer and budgetary flows from and to FEOGA assuming that an adjustment of the green drachma to its current exchange rate was realized. For this purpose partial analysis methodology is employed. The main findings are that, following a simultaneous adjustment of both rates, the gains to producers and in exchange flows more than make up for the corresponding consumers' losses for all products except beef.

Suggested Citation

  • Nicholas C. Baltas, 1992. "Effects of adjustment of the green drachma to its current exchange rate," Agricultural Economics, International Association of Agricultural Economists, vol. 7(3-4), pages 225-243, October.
    • Handle: RePEc:bla:agecon:v:7:y:1992:i:3-4:p:225-243
    DOI: 10.1111/j.1574-0862.1992.tb00215.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1574-0862.1992.tb00215.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1574-0862.1992.tb00215.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:agecon:v:7:y:1992:i:3-4:p:225-243. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.