Cataclysms and Currencies : Does the Exchange Rate Regime Matter for Real Shocks?

Does the Exchange Rate Regime Matter for Real Shocks?

Cataclysms and Currencies : Does the Exchange Rate Regime Matter for Real Shocks?
Does the choice of exchange rate regime affect the way an economy's adjustment to real shocks? Exploiting the randomness of natural shocks, this paper assesses empirically the often contrasting answers found in the theoretical literature. The evidence supports key themes in this literature, and points to an important tradeoff between regimes.... READ MORE...

Publication date: April 2005
ISBN 9781451861044
$15.00

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