Series: IMF Working Papers
Author(s): Xiangming Li
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2003
Keywords: real exchange rate, exchange rate, average tariff, exchange rates, Macroeconomic Aspects of International Trade and Finance: General,
Although theory suggests that the real exchange rate should depreciate after a credible trade liberalization but could appreciate temporarily with a noncredible one, little empirical evidence exists. Unlike existin...