by
Peter Mr. Clark, Shang-Jin Wei, Natalia Ms. Tamirisa
Language: English
Release Date: September 30, 2004
The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s and increasing cross-border capital flows, may have exacerbated exchange rate volatility,...