Implications for the Balance of Payments

  • Peter M. Holmes
Part of the Studies in Planning and Control book series


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.


Foreign Exchange Marginal Revenue Previous Chapter Domestic Prex Marginal Propensity 
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Copyright information

© Peter M. Holmes 1978

Authors and Affiliations

  • Peter M. Holmes
    • 1
  1. 1.School of European StudiesUniversity of SussexUK

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