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The Effects of the Real Exchange Rate Volatility and Misalignments on Foreign Trade Flows in Uzbekistan
Olimov, Ulugbek; Sirajiddinov, Nishanbay - Institut für Weltwirtschaft (IfW) - 2008
period of 1994q32005q2. The results suggest that the real exchange rate volatility and misalignment have depressing effects … volatility proving that the policy-induced changes in exchange rate has a stabilizing effect on trade flows. The implied … elasticity for the most significant real exchange rate volatility coefficient is 0.20. Using a two-step Engle-Granger technique …
Persistent link: https://www.econbiz.de/10005083383
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Too Much, Too Little, or Too Volatile? International Capital Flows to Developing Countries in the 1990s
Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2001
Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
Persistent link: https://www.econbiz.de/10005818922
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The impact of financial openness on the size of utility-enhancing government
Erauskin, Iñaki - Institut für Weltwirtschaft (IfW) - 2013
-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …
Persistent link: https://www.econbiz.de/10010983184