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This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
Júlia Király, Dóra Győrffy: Economic Sanctions -- Péter Benczúr, István Kónya: Economic Growth & Resilience -- Jakub Głowacki, Anna Gomola, Michał Król, Łukasz Mamica, Monika Mazur-Bubak: Energy Markets: Current Situation and Possibilities for Stabilisation -- Szilárd Benk, Péter...
Persistent link: https://www.econbiz.de/10014577592
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …
Persistent link: https://www.econbiz.de/10012020497
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. The development of international trade creates conditions where volatility comes with the exchange rate. The purpose of … this paper is to examine the effect of real effective exchange rate volatility on economic growth in the Central and … measurement of exchange rate volatility, is examined. The study uses annual data for fourteen CEE countries for the period 2002 …
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