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RATE DEVALUATION [1 record]

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Record 1 1993-03-31

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

The slow convergence of inflation to the rate of devaluation results in a sustained real appreciation of the domestic currency, which ultimately results in a loss of output

French

Domaine(s)
  • Politique monétaire et marché des changes
CONT

La lente convergence du taux d'inflation et du taux de dépréciation de la monnaie entraîne une appréciation régulière de la monnaie nationale en termes réels, qui débouche finalement sur une baisse de la production.

Spanish

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