Devaluation and Balance of Payments
G. Costa
Abstract
G. Costa
Abstract
G C da Costa The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.
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G C da Costa The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.
Key concepts: Devaluation, Balance of payments, Economics, Rupee, Balance (ability), Current account, Term (time), Macroeconomics