D'Souza, Errol <br/><br/>
Fiscal deficits, expectations and exchange rates 

 -  1999 
 - p.963-68 
 - 17 & 23 Apr 
<br/><br/> Fiscal deficits that are expected to be reversed at some unknown date in the future cause a real appreciation of the exchange rate along with an expectation of depreciation, a trade deficit, and high domestic interest rates. The expectation of depreciation will have a positive impact on investment provided a time-frame within which the deficit can be credibly reduced is charted and acted on. - Reproduced 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Exchange rates