№ 4/2002

The theory of international economy only determines the directions of the changes in exports and imports as a result of devaluation of a national currency. At the same time, the National Bank – for correct chaice of strategy and tacktics of exchange rate policy, - and importer – for correct trade policy – need quantitative estimates oof such influences. For that purpose, by analysing power and linear functions of imports demand and supply, the authors obtain quantitative extimates of changes in import indicators with the most probable devaluation rates. They have developed recommendations concerning the policy of the National Bank and that of importers with different correlations between elasticities of exports supply and demand

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