Does Higher Openness Cause More Real Exchange Rate Volatility?

The "New Open Economy Macroeconomics" argues that: (a) non-monetary factors have gained importance in explaining exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real...

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Bibliographic Details
Main Authors: Calderón, César, Kubota, Megumi
Language:English
Published: 2012
Subjects:
CD
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090408093735
http://hdl.handle.net/10986/4090