The Asymmetric Effects of Exchange Rate Fluctuations : Theory and Evidence From Developing Countries /

The paper examines the asymmetric effects of exchange rate fluctuations on real output and price in developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations determine aggregate demand thro...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Kandil, Magda
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2000.
سلاسل:IMF Working Papers; Working Paper ; No. 2000/184
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Kandil, Magda. 
245 1 4 |a The Asymmetric Effects of Exchange Rate Fluctuations :   |b Theory and Evidence From Developing Countries /  |c Magda Kandil. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper examines the asymmetric effects of exchange rate fluctuations on real output and price in developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations determine aggregate demand through exports, imports, and the demand for domestic currency, and determine aggregate supply through the cost of imported intermediate goods. The evidence indicates that the supply channel leads to output contraction and price inflation in the face of unanticipated currency depreciation. In contrast, the reduction in net exports determines output contraction without reducing price inflation in the face of unanticipated currency appreciation. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/184 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/184/001.2000.issue-184-en.xml  |z IMF e-Library