Devaluation would not hit Albanian short-run trade balance, research suggests

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A fall in the value of the Albanian currency does not have negative short-run effects on the country's trade balance, despite expectations of a ‘J-curve', according to a new working paper from the central bank.

The study, The 'J-curve' effect in bilateral trade: the impact of currency depreciation on trade balances between Albania and its main trading partners, by Alban Pilaha, evaluates the effects of exchange rate on bilateral trade flows between Albania and its main trading partners, namely

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