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... > social science subjects > business and management > finance > international finance > international monetary system > Marshall-Lerner condition
... > social science subjects > business and management > international business > international finance > international monetary system > Marshall-Lerner condition
... > social science subjects > business and management > finance > monetary systems > international monetary system > Marshall-Lerner condition
... > social science subjects > economics > macroeconomics > monetary theory > monetary systems > international monetary system > Marshall-Lerner condition

Preferred term

Marshall-Lerner condition  

Definition

  • The Marshall-Lerner condition, named after British economist Alfred Marshall (1842–1924) and American economist Abba Lerner (1903–82), is an often-asserted economic statement that specifies the circumstances under which a downward movement of the exchange rate, arising from either market-determined depreciation or monetary authority devaluation, will exert a favorable influence on a nations balance of trade. A decrease in the value of the domestic currency with respect to a specified foreign currency will alter the relative price of imports and exports. [Source: Encyclopedia of Business in Today's World; Marshall-Lerner Condition]

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https://concepts.sagepub.com/social-science/concept/Marshall-Lerner_condition

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