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The J-curve effect occurs because import and export contracts are fixed in the short-term causing delayed adjustments. J Curve refers to a change in the country’s balance of trade , often following a currency devaluation or depreciation. A weak currency means that imports will be costly, while it will be more profitable to export commodities. The imbalance leads to a fall in the current account, hence a smaller surplus or a bigger deficit. Immediately after the devaluation of a currency, there will be a lag in changing the consumption of imports. The demand for expensive imports and the demand for cheaper exports will be unchanged in the short run, as consumers look for cheaper alternatives.
A bank listing its Additional Tier 1 (AT1) bonds on an international financial services center (IFSC) is primarily doing so to:
Which of the following statements is/are true with respect to the grant provided under Vivad se Vishwas - I scheme?
I. The Finance Ministry annou...
According to the International Labour Organization (ILO) report, what is the projected global unemployment rate for the year 2024?
Which financial services company has launched electronic bank guarantee services for its MSMEs and corporate clients in association with National E-Gove...
Who is the author of the book “Fearless Governance” which was released recently?
What is the primary aim of the "Kasturi Cotton Bharat" initiative launched by Piyush Goyal, the Union Minister of Textile, Commerce & Industry, Consumer...
Which company has launched the India 6G program and formed an India 6G Research Team at its Chennai R&D Center?
Which scheme is a merged initiative comprising Pradhan Mantri Adarsh Gram Yojana (PMAGY), Special Central Assistance to Scheduled Castes Sub Plan (SCA t...
According to the recent meeting of Monetary Policy Committee in February 2023, Repo Rate hiked by how much basis points?
What percentage reduction was recorded in India’s Maternal Mortality Rate (MMR) under NHM?