Real exchange rate volatility, terms-of-trade shocks, and financial integration in primary-commodity exporting economies

被引：12

作者：

Al-Abri, Almukhtar ^{[1
]}

机构：

[1] Sultan Qaboos Univ, Dept Econ & Finance, Alkod 123, Oman

来源：

ECONOMICS LETTERS | 2013年 / 120卷 / 01期

关键词：

Real exchange rate; International financial integration; Foreign direct investment; Foreign portfolio investment; OPENNESS; CYCLE;

D O I：

10.1016/j.econlet.2013.04.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a panel of 53 primary-commodity exporting countries, we show that greater international financial integration reduces the impact of terms-of-trade shocks on real exchange rate volatility. This reduction is larger when we define financial integration as foreign direct investment. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：126 / 129

页数：4

共 23 条

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