Capital Flows, Openess and Real Exchange Rate Variability

Rodrigo Cerda

No 205, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: This paper examines the response of real exchange rate to capital flow movements. It shows that countries with a large tradable sector will face smaller variability on their real exchange rate for a given level of capital flows and thus they will need smaller reallocations of real resources.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:205

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