The impact of exchange rate volatility on economic growth and international trade
Abstract: This paper summarizes several research works which deal with the different effects that the volatility of exchanges rates has on the economy. Among those effects, the most studied have been the effects on international trade and economic growth. Over the last five decades, there has bee...
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| Formato: | Artículo |
| Lenguaje: | Inglés |
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Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Centro de Estudios de Economía y Cultura
2023
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| Acceso en línea: | https://repositorio.uca.edu.ar/handle/123456789/15767 |
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| Sumario: | Abstract: This paper summarizes several research works which deal with the different
effects that the volatility of exchanges rates has on the economy. Among those effects, the
most studied have been the effects on international trade and economic growth. Over the
last five decades, there has been a debate at the theoretical level and different views at the
empirical level on whether the gains from flexibility got under flexible exchange rates
outweigh the losses from increased uncertainty which often prevails in such environment
of flexible exchange rates. In particular, the impact of exchange rate volatility, both on
international trade and economic growth, has been often discussed. This paper attempts
to summarize some of the main results of these debates, concerning, in particular, the
empirical evidence thus collected. |
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