Real Exchange Rates, Economic Complexity, and Investment /
We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming model....
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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2018.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2018/107 |
| Acesso em linha: | Full text available on IMF |