Fang, Wen-shwo (contributor); Miller, Stephen M. (contributor) - 2004
that depreciation does not
significantly improve exports, but that exchange rate risk significantly impedes
exports. In sum … depreciation.
Journal of Economic Literature Classification: F14, F31
Keywords: depreciation, exchange rate risk, exports … possess high import content. This paper argues that
exchange rate risk provides another channel for the exchange rate to …