Remoteness and Real Exchange Rate Volatility

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2005
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (21 p.)
• Soggetto topico: Foreign exchange rates - Econometric models; Comparative advantage (International trade); Exports and Imports; Foreign Exchange; Macroeconomics; Taxation; International Finance: General; Macroeconomic Aspects of International Trade and Finance: General; Aggregate Factor Income Distribution; Trade: General; Trade Policy; International Trade Organizations; Currency; Foreign exchange; International economics; Public finance & taxation; Real exchange rates; Income; Exchange rate adjustments; Exports; Tariffs; National accounts; International trade; Taxes; Tariff
• Soggetto geografico: United States
• Note generali: "January 2005."
• Nota di bibliografia: Includes bibliographical references (p. 19-20).
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. TWO-COUNTRY MODEL""; ""III. EMPIRICAL EVIDENCE""; ""IV. CONCLUSION""; ""APPENDIX""; ""REFERENCES""
• Sommario/riassunto: This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson (1977), which shows that higher trade costs result in a larger nontradable sector. This, in turn, leads to higher real exchange rate volatility. We provide empirical evidence supporting the channel.
• Titolo autorizzato: Remoteness and Real Exchange Rate Volatility
• ISBN: 1-4623-8213-4; 1-4527-9760-9; 1-282-04440-0; 1-4519-0556-4; 9786613797544
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910819874403321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2005/001