Slide 1 Lectures 10 - 12: Small Open Economies Devaluation in small open economies The Salter-Swan (NTGs) model The Dutch Disease Slide 2 LECTURE 10: DEVALUATION IN SMALL…
Slide 1 Barriers to International Integration – Transportation costs – Tariffs & non-tariff trade barriers – Border frictions – Currencies. Non-Traded Goods –The…