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In a liquid financial market, investors are able to sell large blocks of assets without...

This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a...

The influential work of Ramey and Ramey (1995) highlighted an empirical relationship that has now...

This paper aims to promote harmonization between macroeconomic statistics guidelines and...

A widespread view holds that countries that finance themselves through foreign direct investment...

The recent experience of the European Economic and Monetary Union (EMU) has stimulated the debate...