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:	2005
Authors:	Broda, Christian M. ; Tille, Cédric
Publisher:	[S.l.] : SSRN
Subject:	Entwicklungsländer \| Developing countries \| Schock \| Shock \| Terms of Trade \| Terms of trade \| Wechselkurssystem \| Exchange rate regime

Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Current Issues in Economics and Finance, Vol. 9, No. 11, November 2003
Classification:	F31 - Foreign Exchange ; F41 - Open Economy Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014066382