Series: IMF Working Papers
Author(s): Anne Gulde , and Holger Wolf
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1991
Keywords: exchange rates, exchange rate, real exchange rate, exchange rate variability, flexible exchange rates
Real exchange rate variability tends to be higher under flexible than under fixed exchange rates. The neokeynesian view attributes the higher variability to the combination of volatile nominal exchange rates with s...