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Sri Lanka’s Experiment with Devaluation: VAR and ECM Analysis of the Exchange Rate Effects on Trade Balance and GDP

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Sri Lanka’s Experiment with Devaluation: VAR and ECM Analysis of the Exchange Rate Effects on Trade Balance and GDP. / De Silva, Dakshina G.; Zhu, Zhen.
In: International Trade Journal, Vol. 18, No. 4, 2004, p. 269-301.

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De Silva DG, Zhu Z. Sri Lanka’s Experiment with Devaluation: VAR and ECM Analysis of the Exchange Rate Effects on Trade Balance and GDP. International Trade Journal. 2004;18(4):269-301. doi: 10.1080/08853900490518181

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Bibtex

@article{355e70148dc84739905b87e13951878d,
title = "Sri Lanka{\textquoteright}s Experiment with Devaluation: VAR and ECM Analysis of the Exchange Rate Effects on Trade Balance and GDP",
abstract = "The objective of this study is to empirically analyze the impact of the devaluation of the Sri Lankan currency (rupee) on Sri Lankan trade balance and gross domestic product. The World Bank and the International Monetary Fund (IMF) have been promoting devaluation as a policy tool for economic growth and stability in LDCs. However, there is substantial research supporting the “J-Curve” effect and contractionary effects on economies due to devaluation, especially for less developed countries (LDCs). The results show a contractionary impact on the Sri Lankan output.",
author = "{De Silva}, {Dakshina G.} and Zhen Zhu",
year = "2004",
doi = "10.1080/08853900490518181",
language = "English",
volume = "18",
pages = "269--301",
journal = "International Trade Journal",
issn = "1521-0545",
publisher = "Taylor and Francis Ltd.",
number = "4",

}

RIS

TY - JOUR

T1 - Sri Lanka’s Experiment with Devaluation: VAR and ECM Analysis of the Exchange Rate Effects on Trade Balance and GDP

AU - De Silva, Dakshina G.

AU - Zhu, Zhen

PY - 2004

Y1 - 2004

N2 - The objective of this study is to empirically analyze the impact of the devaluation of the Sri Lankan currency (rupee) on Sri Lankan trade balance and gross domestic product. The World Bank and the International Monetary Fund (IMF) have been promoting devaluation as a policy tool for economic growth and stability in LDCs. However, there is substantial research supporting the “J-Curve” effect and contractionary effects on economies due to devaluation, especially for less developed countries (LDCs). The results show a contractionary impact on the Sri Lankan output.

AB - The objective of this study is to empirically analyze the impact of the devaluation of the Sri Lankan currency (rupee) on Sri Lankan trade balance and gross domestic product. The World Bank and the International Monetary Fund (IMF) have been promoting devaluation as a policy tool for economic growth and stability in LDCs. However, there is substantial research supporting the “J-Curve” effect and contractionary effects on economies due to devaluation, especially for less developed countries (LDCs). The results show a contractionary impact on the Sri Lankan output.

U2 - 10.1080/08853900490518181

DO - 10.1080/08853900490518181

M3 - Journal article

VL - 18

SP - 269

EP - 301

JO - International Trade Journal

JF - International Trade Journal

SN - 1521-0545

IS - 4

ER -