International investments and exchange rate risk
نویسندگان
چکیده
منابع مشابه
The Exchange Rate Regime and International Trade
The study of the relation between the exchange rates regime and international trade is done using an inter-disciplinary vision that contains knowledge from four different disciplines: economics, history, mathematics and computer sciences. In the case of pure theory of international trade, there is made an abstraction of the fact that international trade is done using money. The theoretical anal...
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In this paper we use a new classification of exchange rate arrangements developed by Reinhart and Rogoff (2002) to test whether reserve holdings decrease with increasing exchange-rate flexibility. Using pooled data for 137 countries over the period 1980-2000, we find several new results. First, the degree of exchange rate flexibility has an inverted-U relationship with the country’s reserve hol...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 1992
ISSN: 0176-2680
DOI: 10.1016/0176-2680(92)90056-m