1978 | OriginalPaper | Chapter
Implications for the Balance of Payments
Author : Peter M. Holmes
Published in: Industrial Pricing Behaviour and Devaluation
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The present chapter seeks to draw on some of the conclusions of the previous chapters in order to discuss in a somewhat stylised fashion how devaluation works and affects the balance of payments in a world of oligopoly and monopoly.