Domestic investment responses to changes in the real exchange rate: Asymmetries of appreciation versus depreciation
We examine how movements in the real exchange rate impact private domestic investment. Importantly, we consider whether investment responds differently to real depreciations versus real appreciations. Using a sample of 6 emerging markets over 1980 to 2014, we show that considering asymmetric respons...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley and Sons Ltd
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |