01732cas a2200241 a 4500 AALejournalIMF010094 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451970524 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Contractionary Devaluation in Developing Countries : An Analytic Overview. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (56 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 This paper evaluates the growing literature on whether devaluation has contractionary effects on output in developing countries. It explores the nature of the links between the exchange rate and real output within a unified, fairly general analytical framework which incorporates a number of the developing-country features cited in this literature. The analysis suggests that many of the arguments on both sides of the contractionary devaluation debate require modification and that a number of potential effects have been ignored. It is concluded that the direction of the impact effects of devaluation on real output is ambiguous on analytical grounds. MASTER FILES ROOM C-130 001. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/051/001.1988.issue-051-en.xml IMF e-Library