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thinking on capital account liberalization, the use of capital controls as an instrument of managing capital inflows, and the …, it provides little practical guidance on capital account liberalization. For those countries facing a surge in capital …
Persistent link: https://www.econbiz.de/10003719200
This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency misalignments. On average, exchange rate volatility has a negative...
Persistent link: https://www.econbiz.de/10009376106