Uncertainty, Flexible Exchange Rates, and Agglomeration /
This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative effect...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 1998/009 |
| Truy cập trực tuyến: | Full text available on IMF |