IDEAS home Printed from https://ideas.repec.org/a/phs/prejrn/v26y1989i2p302-305.html
   My bibliography  Save this article

Numerical Exercise on Devaluation and Debt Repudiation

Author

Listed:
  • Carlos C. Bautista

    (University of the Philippines)

Abstract

The paper extends the Gylfason and Schmid model to analyze the effects of devaluation and debt repudiation on a post—crisis economy. Simulation experiments were conducted using this model. The numerical results indicate that devaluation can be contractionary but repudiation can dampen the negative effects of a devaluation. Devaluation can be expansionary in the model depending on the amount of imported intermediate input use and/or on the value of the substitution elasticity.

Suggested Citation

  • Carlos C. Bautista, 1989. "Numerical Exercise on Devaluation and Debt Repudiation," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 26(2), pages 302-305, December.
    • Handle: RePEc:phs:prejrn:v:26:y:1989:i:2:p:302-305
    as

    Download full text from publisher

    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/download/284/430
    Download Restriction: no
    ---><---

    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:phs:prejrn:v:26:y:1989:i:2:p:302-305. 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: RT Campos (email available below). General contact details of provider: https://edirc.repec.org/data/seupdph.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.