NECESSARY AND SUFFICIENT CONDITIONS FOR FOREIGN TRADE BALANCE STABILIZATION BY MEANS OF DEVALUATION IN UKRAINE

Authors

  • Yuriy Vasylenko
  • Dmytro Vasylenko

Keywords:

Trade balance stabilization, devaluation, necessary and sufficient conditions.

Abstract

This paper defines a necessary and sufficient conditions of trade balance stabilization in Ukraine that, contrary to well-known Marshall-Lerner and Bickerdike-Robinson-Metzler conditions, is applicable to non-zero trade balance and to any elasticity of export and import. It also presents and analyses quantitative estimations of changes of physical volumes, prices and values of export and import after some devaluation.

For practical purposes the authors received the diapasons of elasticity of exports and

 

References

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How to Cite

Vasylenko, Yuriy, and Dmytro Vasylenko. “NECESSARY AND SUFFICIENT CONDITIONS FOR FOREIGN TRADE BALANCE STABILIZATION BY MEANS OF DEVALUATION IN UKRAINE”. Journal of European Economy, vol. 4, no. 1, Mar. 2005, pp. 55-77, https://jeej.wunu.edu.ua/index.php/enjee/article/view/1072.

Issue

Vol. 4 No. 1 (2005): JOURNAL OF EUROPEAN ECONOMY

Section

FINANCIAL AND BANKING SERVICES MARKET

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