Investment and the Exchange Rate.

This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of Italian manufacturing firms. The results support the view that a depreciation of the exchange rate has a positive effect on investment through the revenue channel, and a negative effect through the cost channel.

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Year of publication:	1998
Authors:	Nucci, F. ; Pozzolo, A.F.
Institutions:	Banca d'Italia
Subject:	EXCHANGE RATE \| INVESTMENTS \| MARKETS STRUCTURES

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Series:	Banca Italia - Servizio di Studi.
Type of publication:	Book / Working Paper
Notes:	43 pages
Classification:	D40 - Market Structure and Pricing. General ; F31 - Foreign Exchange ; E22 - Capital; Investment (including Inventories); Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005640935