{"product_id":"marshall-lerner-condition-and-current-account-sustainability-the-spanish-case-von-luis-sastre","title":"Marshall- Lerner Condition And Current Account Sustainability","description":"\u003cp\u003eIn this chapter, I present an analytical reformulation of the Marshall-Lerner condition under the assumption that the independence of the GDP from the exchange rate cannot be postulated in open economies in which the foreign trade flow\/GDP ratio is high. This paper attempts to analyze how, in open economies in which the export and import flow\/GDP ratio is very high, independence between the GDP and the exchange rate is not a plausible assumption, so the traditional version of the Marshall-Lerner condition is not sustained.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783659656729\"\u003e\u003ch3\u003eThe Spanish Case\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783659656729","offer_id":39449668321373,"sku":"9783659656729","price":35.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b2f0672b-3659-4f70-abd1-b2a432b6bb43.jpg?v=1774935867","url":"https:\/\/shop.autorenwelt.de\/en\/products\/marshall-lerner-condition-and-current-account-sustainability-the-spanish-case-von-luis-sastre","provider":"Autorenwelt Shop","version":"1.0","type":"link"}