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What Makes a Currency Procyclical? An Empirical Investigation

This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries' currencies as procyclical if they appreciate in good times, countercyclical if they appreciate in bad...

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Bibliographic Details
Main Authors: Cordella, Tito, Gupta, Poonam
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
foreign asset position
currency float
monetary policy
exchange rate
countercyclical currencies
procyclical currencies
currency cyclicality
Online Access:http://documents.worldbank.org/curated/en/2014/11/20389463/makes-currency-procyclical-empirical-investigation-makes-currency-procyclical-empirical-investigation
http://hdl.handle.net/10986/20651

Internet

http://documents.worldbank.org/curated/en/2014/11/20389463/makes-currency-procyclical-empirical-investigation-makes-currency-procyclical-empirical-investigation
http://hdl.handle.net/10986/20651

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