On the benefits of nominal appreciations: Contrasting evidence across developed and developing countries
The paper studies determinants of flexibility of the nominal effective exchange rate and the effects of exchange rate shocks on macroeconomic variables and key components of the external balances using data for a sample of advanced and developing countries. The composite evidence points to the posit...
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| Format: | Article |
| Language: | English |
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Elsevier
2015-12-01
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| Series: | Borsa Istanbul Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845015000289 |