J-Curve Theory stating that the trade deficit of a country will first worsen following a depreciation of its currency as higher prices on overseas imports will more than balance out (in the short term) the smaller volume of imports. … [Read more...]
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J-Curve Theory stating that the trade deficit of a country will first worsen following a depreciation of its currency as higher prices on overseas imports will more than balance out (in the short term) the smaller volume of imports. … [Read more...]