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EXCHANGE RATE VARIABILITY AND TRADE (Tinbergen Institute Research) [Paperback]

EXCHANGE RATE VARIABILITY AND TRADE (Tinbergen Institute Research) [Paperback]

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Item description for EXCHANGE RATE VARIABILITY AND TRADE (Tinbergen Institute Research) by Jan Kees Martijn...

The past two decades have witnessed large fluctuations in the exchange rates of the main currencies in the western world. The impact of these fluctuations on international trade flows is the subject of an ongoing debate. At the onset of the present era of flexible exchange rates, many supporters of the new system emphasized their potential beneficial impact. The removal of the external balance constraint was thought to help promote a more liberal trading system. It has become clear, however, that important counteracting forces may also be at work. Lasting misalignments of exchange rates can cause sectoral disturbances that, in turn, may induce import protective measures. In addition, exchange-rate uncertainty may directly induce importers and exporters to reduce their level of activity. This study both reviews and extends the various theoretical arguments that play a role in this important discussion. No conclusive answers can be given regarding the impact of exchange-rate instability. However, the various issues are thoroughly discussed, providing further insight into the many consequences of fluctuating exchange rates.

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Item Specifications...

Studio: Purdue University Press
Pages   275
Est. Packaging Dimensions:   Length: 8.6" Width: 5.9" Height: 0.7"
Weight:   0.8 lbs.
Binding  Softcover
Release Date   Aug 20, 2003
Publisher   Purdue University Press
ISBN  905170089X  
ISBN13  9789051700893  

Availability  0 units.

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Product Categories

1Books > Subjects > Business & Investing > Economics > Exports & Imports
2Books > Subjects > Business & Investing > General
3Books > Subjects > Business & Investing > International > General

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