Exchange rate policy and devaluation in Malawi
This study demonstrates why devaluation was ultimately necessary in Malawi and also what its eventual impact might be in terms of prices, income distribution, and domestic production. Our approach is to use a computable general equilibrium (CGE) model to evaluate the economywide impacts of foreign e...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2013
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/153453 |
| _version_ | 1855519738059292672 |
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| author | Pauw, Karl Dorosh, Paul A. Mazunda, John |
| author_browse | Dorosh, Paul A. Mazunda, John Pauw, Karl |
| author_facet | Pauw, Karl Dorosh, Paul A. Mazunda, John |
| author_sort | Pauw, Karl |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study demonstrates why devaluation was ultimately necessary in Malawi and also what its eventual impact might be in terms of prices, income distribution, and domestic production. Our approach is to use a computable general equilibrium (CGE) model to evaluate the economywide impacts of foreign exchange shortages in Malawi under two alternative exchange rate regimes. The foreign exchange shortages are modeled by simulating the effect of actual shocks, including tobacco price declines and reductions in direct budgetary support or foreign direct investments. We then evaluate the economy’s response to these shocks under a fixed exchange rate regime and a flexible exchange rate regime. |
| format | Artículo preliminar |
| id | CGSpace153453 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1534532025-11-06T05:41:29Z Exchange rate policy and devaluation in Malawi Pauw, Karl Dorosh, Paul A. Mazunda, John exchange rate currencies foreign exchange rationing computable general equilibrium models economic policies This study demonstrates why devaluation was ultimately necessary in Malawi and also what its eventual impact might be in terms of prices, income distribution, and domestic production. Our approach is to use a computable general equilibrium (CGE) model to evaluate the economywide impacts of foreign exchange shortages in Malawi under two alternative exchange rate regimes. The foreign exchange shortages are modeled by simulating the effect of actual shocks, including tobacco price declines and reductions in direct budgetary support or foreign direct investments. We then evaluate the economy’s response to these shocks under a fixed exchange rate regime and a flexible exchange rate regime. 2013 2024-10-01T13:56:15Z 2024-10-01T13:56:15Z Working Paper https://hdl.handle.net/10568/153453 en Open Access application/pdf International Food Policy Research Institute Pauw, Karl; Dorosh, Paul A. and Mazunda, John. 2013. Exchange rate policy and devaluation in Malawi. IFPRI Discussion Paper 1253. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/153453 |
| spellingShingle | exchange rate currencies foreign exchange rationing computable general equilibrium models economic policies Pauw, Karl Dorosh, Paul A. Mazunda, John Exchange rate policy and devaluation in Malawi |
| title | Exchange rate policy and devaluation in Malawi |
| title_full | Exchange rate policy and devaluation in Malawi |
| title_fullStr | Exchange rate policy and devaluation in Malawi |
| title_full_unstemmed | Exchange rate policy and devaluation in Malawi |
| title_short | Exchange rate policy and devaluation in Malawi |
| title_sort | exchange rate policy and devaluation in malawi |
| topic | exchange rate currencies foreign exchange rationing computable general equilibrium models economic policies |
| url | https://hdl.handle.net/10568/153453 |
| work_keys_str_mv | AT pauwkarl exchangeratepolicyanddevaluationinmalawi AT doroshpaula exchangeratepolicyanddevaluationinmalawi AT mazundajohn exchangeratepolicyanddevaluationinmalawi |