Is greater exchange rate flexibility stabilizing?. Some evidence from US data

Yoonbai Kim

doi:10.1016/0165-1765(89)90173-0

Is greater exchange rate flexibility stabilizing?. Some evidence from US data

Yoonbai Kim

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

This paper examines the hypothesis that greater exchange rate flexibility is stabilizing in external adjustment processes. The results indicate that floating exchange rates tend to magnify changes in relative prices without stabilizing income as the trade balance adjusts.

Original language	English
Pages (from-to)	57-62
Number of pages	6
Journal	Economics Letters
Volume	29
Issue number	1
DOIs	https://doi.org/10.1016/0165-1765(89)90173-0
State	Published - 1989

ASJC Scopus subject areas

Finance
Economics and Econometrics

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title = "Is greater exchange rate flexibility stabilizing?. Some evidence from US data",

abstract = "This paper examines the hypothesis that greater exchange rate flexibility is stabilizing in external adjustment processes. The results indicate that floating exchange rates tend to magnify changes in relative prices without stabilizing income as the trade balance adjusts.",

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Is greater exchange rate flexibility stabilizing?. Some evidence from US data

Abstract

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