| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1598 |
| DP1598 Common Ground Between Free-traders and Environmentalists | |
| Larry Karp; Sandeep Sacheti | |
| 发表日期 | 1997-05-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper analyses how country size affects exchange rate policy and volatility. A hump-shaped relation between exchange rate variability and the size of countries is generated in the theoretical model: exchange rate variability increases with country size for small countries, but then decreases for large countries. The paper finds that this theoretical prediction holds well for bilateral exchange rates of the OECD countries for the period 1980?95 as well as for a subsample of European exchange rates with respect to the dollar. The results suggest that dollar/euro volatility should be lower than the present dollar/Deutsche Mark volatility, but that the decrease may depend significatively on the size and composition of EMU. |
| 主题 | International Macroeconomics |
| 关键词 | Country size European monetary integration Exchange rate instability |
| URL | https://cepr.org/publications/dp1598 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530773 |
| 推荐引用方式 GB/T 7714 | Larry Karp,Sandeep Sacheti. DP1598 Common Ground Between Free-traders and Environmentalists. 1997. |
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