THE GLOBAL EFFECTS OF INTERNAL AND EXTERNAL DEVALUATION ON EXPORT POTENTIAL Cover Image

ГЛОБАЛНИ ЕФЕКТИ НА ВЪТРЕШНАТА И ВЪНШНАТА ДЕВАЛВАЦИЯ ВЪРХУ ЕКСПОРТНИЯ ПОТЕНЦИАЛ
THE GLOBAL EFFECTS OF INTERNAL AND EXTERNAL DEVALUATION ON EXPORT POTENTIAL

Author(s): Martin Dimitrov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: internal devaluation;external devaluation;national competitiveness;expor

Summary/Abstract: The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and provides arguments regarding the consequences arising from the implementation of external and internal devaluation policies; the second part examines the dynamics of export as an indicator of post-crisis recovery, which is especially important for countries with open economies upon which external and internal devaluation may have tremendous effects. The conclusion reached as a result of the research states that attitudes unconditionally favouring the devaluation of a national currency as a major tool to support export seem unjustified and should therefore be approached by taking into account potential risks and negative effects.

  • Issue Year: 2015
  • Issue No: 1
  • Page Range: 49-61
  • Page Count: 12
  • Language: Bulgarian
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