《Effects of a devaluation on a trade balance》.pdf

Effects of a Devaluation on a Trade Balance Author(s): Sidney S. Alexander Source: Staff Papers - International Monetary Fund, Vol. 2, No. 2 (Apr., 1952), pp. 263-278 Published by: Palgrave Macmillan Journals on behalf of the International Monetary Fund Stable URL: /stable/3866218 . Accessed: 16/01/2011 09:58 Your use of the JSTOR archive indicates your acceptance of JSTORs Terms and Conditions of Use, available at . /page/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . /action/showPublisher?publisherCode=pal. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. Palgrave Macmillan Journals and International Monetary Fund are collaborating with JSTOR to digitize, preserve and extend access to Staff Papers - International Monetary Fund. Effects of a Devaluationon a Trade Balance Sidney S. Alexander * T HE CONVENTIONAL ANSWER to the question, what is the effect of a devaluation on the trade balance of the devaluing country, runs in terms of the supply and demand conditions