search query: @indexterm DEVALUATION / total: 80
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| Author: | Wang, Shan |
| Title: | Theories of devaluation: comparison and synthesis (original in Chinese) |
| Journal: | Modern Economic Science (c)
1998 : 1, p.21-27 |
| Index terms: | DEVALUATION BALANCE OF PAYMENTS |
| Language: | chn |
| Abstract: | The devaluation theories of international payment are mainly flexibility, assimilation and monetary theories. Their unity of opposites comprises the main line of the theory of international payment adjustment. These three theories supplement each other in nature and expound the same issue at different angles. If we explain the mechanism of devaluation by systematically analyzing the three theories, we may draw the following conclusion: we may establish a preliminary comprehensive devaluation mechanism, absorbing the viewpoints in flexibility and monetary theories based on assimilation theory. |
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