TITLE

Devaluation Not Biting On Trade Deficit

PUB. DATE
March 2010
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Mar2010, Vol. 21 Issue 3, p5
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article reports that devaluation has not done much in solving the problem of underlying balance of payments. According to the macroeconomic data, the three percent devaluation effected by the Vietnamese authorities reduces the trade deficit. It states that a monthly trade deficit consistently above two billion dollars results in a rundown of scarce foreign exchange reserves of Vietnam.
ACCESSION #
48426983

 

Related Articles

  • THE J-CURVE DYNAMICS OF U.S. BILATERAL TRADE. Bahmani-Oskooee, Mohsen; Ratha, Artatrana // Journal of Economics & Finance;Spring2004, Vol. 28 Issue 1, p32 

    Three earlier studies examined the impact of dollar depreciation on bilateral trade between the United States and her six largest trading partners. They used different methodologies that resulted in different outcomes. In this paper we consider 18 major trading partners of the United States and...

  • PART 1: The global economy: Balance of payments -- measurement and management. Sherlock, Jim; Reuvid, Jonathan // Handbook of International Trade;2005, p12 

    The chapter discusses the measurement and accounting of trade in Great Britain. It identifies the three yardsticks commonly used in comparing the trade performance of relative economies. It defines several trade accounting concepts, namely balance on goods, balance on services, balance of...

  • Currency Depreciations and the Trade Balance: The Case of Sub-Sahara Africa. Rawlins, Glenville // Journal of Applied Business & Economics;2012, Vol. 12 Issue 6, p132 

    Against the backdrop of the impressive economic growth rate of Sub Sahara African (SSA) economies of the last decade, this paper explores the relationship between the trade balance and the real exchange rate for nineteen SSA countries. This is a bilateral approach between a panel of these SSA...

  • DEVALUATION AND EUROPEAN RECOVERY. Leftingwell, R.C. // Foreign Affairs;Jan1950, Vol. 28 Issue 2, p203 

    This paper focuses on the currency devaluation in Europe. Sterling devaluation proved contagious. The pound is still the greatest trading currency in the world. Furthermore, many countries were in the same predicament as Great Britain and were merely waiting for Great Britain to take the lead...

  • Keep interest rates high. de Klerk, Vic // Finweek;9/18/2008, p18 

    The article reports on the factors that influence the increase of current account deficits in South Africa. These factors include the devaluation of the currency against the U.S. dollar and deficit of trade and services account in the second quarter of 2008. However, economist warn that the...

  • Pakistan: Rupee Depreciation Continues.  // Emerging Markets Monitor;11/20/2006, Vol. 12 Issue 31, p9 

    The article reports on the depreciation of Pakistan's rupee. As of November 16, 2006, it has hit a two-year low of PKR60.85/$1. The main reason for the depreciation has been the rising dollar for import and debt payments. The trade deficit of the country has widened from $4.51 billion in fiscal...

  • A Study on the Problem of Deficit in the Balance of Payments: The Case of Pakistan. Gulzar, Saqib; Hui Xiao Feng // Interdisciplinary Journal of Contemporary Research in Business;Oct2010, Vol. 2 Issue 6, p371 

    Pakistan is suffering from the problem of a deficit in the balance of payments that has lasted for many decades. High payment balances strengthen the foreign currency against the home currency which makes imports of goods and services more expensive as compared to exports and cause for...

  • HUF/EUR: Contagion Fears Could Spark Depreciation.  // Emerging Europe Monitor: Central Europe & Baltic States;Dec2009, Vol. 16 Issue 12, p4 

    The article reports on the revision of the end-2009 forecast for the forint to HUF264.00/EUR in Hungary. It states that the revision is made with the expectation that the return of international risk appetite will continue to prove positive for the unit through the medium term. It mentions that...

  • The Current Account and the Dollar.  // Economic Trends (07482922);Feb2004, p9 

    The current account deficit narrowed in 2003, the first significant drop since the dollar began its recent decline. This pattern � smaller deficit, depreciating dollar � suggests that investors' diversification out of dollar denominated assets has become a key underlying market...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics