Project Appraisal Procedures and the Evaluation of Foreing Exchange

Different procedures for evaluating foreign exchange have been suggested in the project appraisal manuals of UNIDO and Little and Mirrlees. While it is widely agreed that the manuals differ in their practical procedures, there has been disagreement as to whether they are equivalent in principle. Usi...

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Bibliographic Details
Main Authors: Dinwiddy, Caroline, Teal, Francis
Format: Book
Published: London London School of Economics and Political Science February 1986
Series:Economica n. 209
Subjects:

MARC

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082 |a H 39380 n. 209, 1986 
090 |c 20198  |d 20198 
100 |a Dinwiddy, Caroline 
100 |a Teal, Francis 
245 |a Project Appraisal Procedures and the Evaluation of Foreing Exchange 
260 |b London School of Economics and Political Science 
260 |a London 
260 |c February 1986 
300 |a pp. 97-107 
490 |a Economica  |v n. 209  |x 00130427 
504 |a Incluye bibliografía 
520 |a Different procedures for evaluating foreign exchange have been suggested in the project appraisal manuals of UNIDO and Little and Mirrlees. While it is widely agreed that the manuals differ in their practical procedures, there has been disagreement as to whether they are equivalent in principle. Using a model due to Boadway, we show that the manuals differ in principle. The Little-Mirrlees procedure can be given an interpretation which correctly values traded and non-traded goods in project appraisal, while the UNIDO formula for the shadow exchange rate is not required when the balance of payments constraint is binding.  
650 |a TIPO DE CAMBIO  
650 |a MODELOS ECONOMICOS  
650 |a EQUILIBRIO ECONOMICO 
650 |a CAMBIO EXTERIOR  
650 |a EQUILIBRIO GENERAL 
653
942 |c ANAR  |j H 39380 n. 209, 1986 
999 |c 20149  |d 20149