01688cas a2200241 a 4500 AALejournalIMF003405 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928679 1018-5941 BD-DhAAL BD-DhAAL Reinhart, Carmen. Devaluation, Relative Prices, and International Trade : Evidence From Developing Countries / Carmen Reinhart. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Devaluation is an integral part of adjustment in many developing countries, particularly relied upon by countries facing large external imbalances. A devaluation can only reduce trade imbalances if it translates to a real devaluation and if trade flows respond to relative prices in a significant and predictable manner. However, a recent strand in the empirical trade literature has questioned the existence of a stable relationship between trade flows and its traditional determinants. This paper re-examines the relationship between relative prices and imports and exports in a sample of 12 developing countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/140/001.1994.issue-140-en.xml IMF e-Library