Trade Liberalization and Real Exchange Rate Movement

Trade Liberalization and Real Exchange Rate Movement
Although theory suggests that the real exchange rate should depreciate after a credible trade liberalization but could appreciate temporarily with a noncredible one, little empirical evidence exists. Unlike existing studies that use either indirect tests or unreliable openness measures, this paper uses an event study based on carefully... READ MORE...

Publication date: June 2003
ISBN 9781451854749
$15.00

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