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The Exchange Rate as an Instrument of Policy in a Developing Country**Reprinted by permission of the IMF from Staff Papers, vol. xxiii, no. 2, pp. 334-48 (July 1976).

Omotunde Johnson

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Key concepts: Devaluation, Balance of payments, Exchange rate, Economics, Payment, Short run, Monetary economics, International economics

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The Exchange Rate as an Instrument of Policy in a Developing Country**Reprinted by permission of the IMF from Staff Papers, vol. xxiii, no. 2, pp. 334-48 (July 1976). — Research Paper | ScholarLens