Propagation of Speculative Cycles
The Exchange Rate Channel
Bibliographic Data
| ID | 20301671 |
|---|---|
| Authors | Massimiliano La Marca (International Labour Organization, corresponding author) |
| Year | 2012 |
| Volume | 48 |
| Issue | 6 |
| Pages | 695-713 |
| Publication date | 2012-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220388.2011.649262 |
| OpenAlex | W2170239920 |
| Language | EN |
| Citations received | 1 |
| References cited | 10 |
The nominal and real exchange rates are key relative prices within and between economies. Their volatility and gyrations can have significant cumulative effects on the development pattern of financially integrated economies. The article documents the linkage between global risk aversion and the exchange rate of some developed and developing economy currencies characterised by large short-term interest rate differentials. If capital flows can drive exchange rates and transmit international speculative cycles inside the economic system, a careful design of monetary policy, exchange rate and capital management regimes is a fundamental ingredient of a successful development strategy
Currency · Devaluation · Economics · Exchange rate · Financial economics · Futures contract · Index (typography) · International economics · Monetary economics · Volatility (finance) · Global Financial Crisis and Policies · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Citations per year | 0.11 |
|---|---|
| Citation span | 2017 - 2017 (1) |
| Highly cited | No |