Exchange rate devaluation leads to economic downturn and price hikes.
Devaluing a currency when a country owes money to other countries usually leads to lower real output and higher prices. The model used in the study supports this conclusion.
Nominal devaluation leads to real devaluation, impacting trade balance in Papua New Guinea.
Depreciation of Exchange Rate Hinders Export Growth, Study Finds.
Russia's Tax Policy Shaping Exchange Rates, Inflation, and Industrial Growth.