tag:blogger.com,1999:blog-8595404115121834255.post4602556689979674085..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Capital controls and exchange ratesMatias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8595404115121834255.post-70612667745241807082012-11-27T08:30:34.296-05:002012-11-27T08:30:34.296-05:00Yes depreciation, if you can do it while other cou...Yes depreciation, if you can do it while other countries don't is fine. But note that it's more important for protection than as a stimulus for exports, since income elasticities are not that large for most Latin American countries. We should depend more on domestic markets anyway, given the current international situation and the type of integration with China that is over-reliant on commodity exports.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-1939072746943393802012-11-22T11:10:36.400-05:002012-11-22T11:10:36.400-05:00exports are essencial to acquire divisas that are ...exports are essencial to acquire divisas that are used to buy equipments that are needed for big investments. the expensive dollar make them even more expensive, that doesn't mean that its bad for your currency to be depreciated, since its not worth destroying industries because of such equipments being more expensive, since its no good to make such investments if your national industry is depressedAnonymoushttps://www.blogger.com/profile/02185345672659237043noreply@blogger.com