Terms of trade and exchange rate regimes in developing countries

Research, Preprint English OPEN
Christian Broda;
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: F41 | E30 | F31 | F33 | Kaufkraftparität | Sozialprodukt | Entwicklungsländer | Wechselkurssystem | exchange rate regimes, exchange rate flexibility, terms-of-trade shock | Preisniveau | Foreign exchange rates ; Foreign exchange | Terms of Trade | Schock | Theorie
    • ddc: ddc:330

Since Friedman (1953), an advantage often attributed to flexible exchange rate regimes over fixed regimes is their ability to insulate more effectively the economy against real shocks. I use a post-Bretton Woods sample (1973-96) of seventy-five developing countries to a... View more
Share - Bookmark