How Does Uncertainty About the Real Exchange Rate Affect Exports?: Выпуск 221
Ricardo J. Caballero · Vittorio Corbo
Jan 1989 · World Bank Publications
Ebook
24
Pages
About this ebook
Increased uncertainty about the real exchange rate depresses exports if firms are sufficiently risk averse. If firms with a fixed capital stock are risk -neutral, such uncertainty increases exports.
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