Exchange rates and insulation in emerging markets.
A number of recent theoretical and empirical studies cast doubt on the shock mitigating benefits of exchange rate flexibility. In this paper, the authors cite and expound on a 2017 study showing that flexible exchange rates promote output and financial stability in the face of global shocks. The aut...
| Format: | Electronic Resource |
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| Language: | English |
| Published: |
Metro Manila, Philippines
Asian Development Bank
2017.
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| Series: | Economics working papers.
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| Subjects: | |
| Online Access: | https://www.adb.org/publications/exchange-rates-insulation-emerging-markets |