Published January 1, 2015
| Version v1
Journal article
Open
Real exchange rate volatility and business cycles in emerging market economies
Creators
- 1. Sabanci Univ, Fac Arts & Social Sci, TR-34956 Istanbul, Turkey
Description
This paper analyzes how real exchange rate volatility affects business cycles through the cost of foreign currency borrowing. The results show that output volatility increases by up to 22% as the share foreign-denominated debt increases from 0 to 100%. (C) 2015 Elsevier B.V. All rights reserved.
Files
bib-ede17199-0691-4e32-8ae8-315b292ba768.txt
Files
(151 Bytes)
| Name | Size | Download all |
|---|---|---|
|
md5:c738cd2a39c584027dc227dc42d0a49d
|
151 Bytes | Preview Download |