In this study, we consider 15 countries and examine the relationship between exchange rate volatility and macroeconomic volatility. We show that, in general, empirical support for the existence of a link between exchange rates and macroeconomic fundamentals is very weak and that other factors...

The paper analyses the effects of increased trade exposure on the profitability of firms in Indian industry. While trade reforms are often expected to decrease profit margins as firms struggle to compete in international markets, there is the possibility that increased competition may improve...

The objectives of this study are to examine the impact of liberalization on price elasticities of imports at a commodity level for broad commodity groups and at an aggregate level for the Indian economy over the period 1993-1997. Liberalization is implemented by reducing tariff and non-tariff...

The objectives of the paper are to examine the determinants of interregional labour migration for German regions using the data on gross flows of labour movements across regions. This is one of the few studies where data on labour migration is used. There also was a wage convergence after...