登入選單

返回Google圖書搜尋

Remoteness and Real Exchange Rate Volatility

Claudio Bravo-OrtegaJulian di Giovanni

出版	International Monetary Fund, 2005
主題	Business & Economics / GeneralBusiness & Economics / Exports & ImportsBusiness & Economics / Foreign ExchangeBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Taxation / General
ISBN	145186020X9781451860207
URL	http://books.google.com.hk/books?id=z2m3AAAAIAAJ&hl=&source=gbs_api

註釋

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.