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Remoteness and real exchange rate volatility /
This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson (1977), which shows that higher trade costs result in a larger nontradable sector. Th...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Dept.,
2005.
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| Colección: | IMF working paper ;
WP/05/1. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson (1977), which shows that higher trade costs result in a larger nontradable sector. This, in turn, leads to higher real exchange rate volatility. We provide empirical evidence supporting the channel. |
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| Descripción Física: | 1 online resource (20 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 19-20). |
| ISBN: | 9781451905564 1451905564 |