Impact of Exchange Rate Volatility on IndonesiaÂ’s Trade Performance in the 1990s
Reza Siregar and
Ramkishen Rajan
No 2002-05, Centre for International Economic Studies Working Papers from University of Adelaide, Centre for International Economic Studies
Abstract:
Whether a real devaluation ultimately proves to be expansionary or contractionary depends on whether the boost given to the exportables sector offsets any possible output-depressing effects that may accompany the expenditure-switching policy. Failure of the exportables sector to adequately respond to the price incentives is a virtual guarantee that devaluation will be contractionary. This appears to have been the experience of Indonesia, the country worst hit by the crisis of 1997-98. This paper explores whether the increased exchange rate variability of the Indonesian rupiah post 1997 may have been a cause for the countryÂ’s poor export performance.
Keywords: Devaluation; Exports; Imports; Trade; Indonesia; Volatility (search for similar items in EconPapers)
JEL-codes: F30 F32 F41 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2002-03
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Citations: View citations in EconPapers (8)
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Journal Article: Impact of exchange rate volatility on Indonesia's trade performance in the 1990s (2004)
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