REAL EXCHANGE RATE, DISTRIBUTION AND MACRO FLUCTUATIONS IN EXPORT-ORIENTED ECONOMIES
β Scribed by Massimiliano La Marca
- Book ID
- 111044645
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 337 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0026-1386
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
If a country is dependent on one particular export commodity, what exchange rate policy should it follow? Surprisingly, there is no standard textbook prescription for such a country. In theory, rigidly pegging exchange rates to those of the developed economies allow emerging markets to fix the price
## ABSTRACT This article examines the behaviour of the real exchange rates for 18 transition economies using nonlinear models. We find strong evidence of nonlinearities in 16 of the 18 countries. Contrary to widely held belief that the behaviour of real exchange rates should exhibit symmetrical adj