The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime

The Role of the Exchange Rate Regime

The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime
This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect is centered on countries with fixed exchange rates.... READ MORE...

Publication date: February 2006
ISBN 9781451862973
$15.00

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