Uncertainty, Flexible Exchange Rates, and Agglomeration

Uncertainty, Flexible Exchange Rates, and Agglomeration
This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative effect of country size on variability of industrial... READ MORE...

Publication date: February 1998
ISBN 9781451927351
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: February 1998

PDF

Publication date: February 1998

ePub

Publication date: February 1998

Mobi

Publication date: February 1998

English