Series: IMF Working Papers
Author(s): Rodney Ramcharan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2005
Keywords: Exchange rate, shocks, exchange rate regime, per capita income, exchange rate regimes, gross capital formation, Macroeconomic Aspects of International Trade and Finance,
Does the choice of exchange rate regime affect the way an economy's adjustment to real shocks? Exploiting the randomness of natural shocks, this paper assesses empirically the often contrasting answers found in the...