Does Higher Openness Cause More Real Exchange Rate Volatility?

Our study investigates the factors driving RER volatility and the properties of both trade and financial openness to stabilize RERs. Therefore, this paper guides us to formulate better economic policies to lower RER variability. Our goal is to test whether the extent and composition of international...

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Bibliographic Details
Main Authors: Calderon, Cesar, Kubota, Megumi
Format: Journal Article
Published: Elsevier 2018
Subjects:
Online Access:http://hdl.handle.net/10986/29230