Terms of trade and exchange rate regimes in developing countries
نویسندگان
چکیده
منابع مشابه
Terms of Trade and Exchange Rate Regimes in Developing Countries∗
Since Friedman (1953) and Poole (1970), an advantage often attributed to ßexible exchange rate regimes relative to Þxed regimes is their ability to better insulate the economy against real shocks. I use a post-Bretton Woods sample (1973-1996) of 74 developing countries to assess whether the business cycle response of real GDP, real exchange rates and inßation to terms of trade shocks differ sys...
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This paper examines the role of different exchange rate regimes on relationship between exchange rate volatility and economic growth. To investigate this relationship, information of 53 countries with floating and fixed exchange rate regimes in the period of 1987-2016 are considered. GARCH technique is used to estimate exchange rate volatility and Difference GMM technique for estimating the mo...
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The Asian currency crises occurred in the year 1997. We focused on exchange rates of the Asian countries/regions among several causes and examined how they were determined with a currency basket peg framework. We also constructed an international input-output model linked with macroeconometric models. Using the model, we have analyzed trade pattern changes in relation to the yen-dollar rate. Es...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2004
ISSN: 0022-1996
DOI: 10.1016/s0022-1996(03)00043-6