Trade Liberalization and Real Exchange Rate Movement /

Although theory suggests that the real exchange rate should depreciate after a credible trade liberalization but could appreciate temporarily with a noncredible one, little empirical evidence exists. Unlike existing studies that use either indirect tests or unreliable openness measures, this paper u...

Descripción completa

Detalles Bibliográficos
Autor principal: Li, Xiangming
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2003.
Colección:IMF Working Papers; Working Paper ; No. 2003/124
Acceso en línea:Full text available on IMF