Coping with terms-of-trade shocks in developing countries

Sharp swings in a developing country's terms of trade, the price of its exports relative to the price of its imports, can seriously disrupt output growth. An analysis of the effects of a decline in export prices in seventy-five developing economies suggests that countries with a flexible exchange rate will experience a much milder contraction in output than their counterparts with fixed exchange rate regimes.

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Year of publication:	2003
Authors:	Broda, Christian ; Tille, Cedric
Published in:	Current Issues in Economics and Finance. - Federal Reserve Bank of New York. - Vol. 9.2003, Nov, 11
Publisher:	Federal Reserve Bank of New York
Subject:	Foreign exchange rates \| Developing countries \| Exports \| Imports \| Prices \| International trade \| Gross domestic product

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005387175