exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …

side as well as sustaining investment and export growth through structural reform and prudent macroeconomic policy. The … export performance. While a challenging task, it may afford South Asia to significantly catch up with the fastest growing …

factors, such as droughts, would have been more moderate. Recent export bans and speculative activities would probably not …