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Exchange Rate Variability and the Slowdown in Growth of International Trade

The growth rate of international trade among industrial countries has declined by more than half since the inception of floating exchange rates. To explain the slowdown, the effects of exchange rate volatility are separated from those of other shocks since 1973--in particular, changes in oil... Full description

1st Person: De Grauwe, Paul
Source: in IMF staff papers : a quarterly journal of the IMF Vol. 35, No. 1 (1988), p. 63-84
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Type of Publication: Article
Language: English
Published: 1988
Online: Volltext
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