Coping with terms-of-trade shocks in developing countries
Christian Broda and
Cédric Tille ()
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Christian Broda: Duquesne Capital Management
Current Issues in Economics and Finance, 2003, issue nov
Sharp swings in a developing country's terms of trade, the price of its exports relative to the price of its imports, can seriously disrupt output growth. An analysis of the effects of a decline in export prices in seventy-five developing economies suggests that countries with a flexible exchange rate will experience a much milder contraction in output than their counterparts with fixed exchange rate regimes.
Keywords: International trade; Exports; Imports; Developing countries; Prices; Foreign exchange rates; Gross domestic product (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fednci:y:2003:i:nov:n:v.9no.11
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