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The Effects of Real Exchange Rate Volatility on Sectoral Investment

2017-05-18 Business & Economics
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Release : 2017-05-18
Genre : Business & Economics
Kind : eBook
Book Rating : 724/5 ( reviews)

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Book Synopsis The Effects of Real Exchange Rate Volatility on Sectoral Investment by : Bahar Erdal

Download or read book The Effects of Real Exchange Rate Volatility on Sectoral Investment written by Bahar Erdal. This book was released on 2017-05-18. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1997. This study investigates what the effects of real exchange rate volatility are on sectorial investment in the fixed and flexible exchange rate systems. It lays out the results of research into the effects of the levels and volatility of real exchange rates on investment in the manufacturing sectors of the countries in the European Monetary System as well as of the countries in the flexible exchange rate system, with data from between 1973 and 1993. Examining the differences between the two systems in the results this book also looks at exchange rate effects on interest rates at the time.

Real Exchange Rate Uncertainty and Private Investment in Developing Countries

2002 Capital stock
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Release : 2002
Genre : Capital stock
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Real Exchange Rate Uncertainty and Private Investment in Developing Countries by : Luis Servén

Download or read book Real Exchange Rate Uncertainty and Private Investment in Developing Countries written by Luis Servén. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: Serven examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The impact of uncertainty is not uniform, however. There is some evidence of threshold effects, so that uncertainty only matters when it exceeds some critical level. In addition, the negative impact of real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with less developed financial systems.

Nominal Exchange Rate Patterns

1990 Business failures
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Release : 1990
Genre : Business failures
Kind : eBook
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Book Synopsis Nominal Exchange Rate Patterns by : Linda S. Goldberg

Download or read book Nominal Exchange Rate Patterns written by Linda S. Goldberg. This book was released on 1990. Available in PDF, EPUB and Kindle. Book excerpt: The view that the strength of the dollar in the early 1980s was associated with persistent restructuring of United States industry is supported by correlations between exchange rate patterns and data on business formation, business failure and sectoral investment in new plant and equipment. Short term trend depreciations of the dollar are associated with reallocation of resources across sectors, while longer term trend depreciations are associated with investment expansions in many sectors of industry. Persistent exchange rate volatility is strongly associated with investment contractions, with this effect weakest during depreciation periods. This suggests a second order effect of depreciation trends: during trend depreciation periods the negative and significant correlation between exchange rate volatility and investment is reduced.

The Impact of Exchange Rate Volatility on U.S. Foreign Direct Investment in Latin America

2008 Foreign exchange rates
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Release : 2008
Genre : Foreign exchange rates
Kind : eBook
Book Rating : 029/5 ( reviews)

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Book Synopsis The Impact of Exchange Rate Volatility on U.S. Foreign Direct Investment in Latin America by : Callye R. M. Masten

Download or read book The Impact of Exchange Rate Volatility on U.S. Foreign Direct Investment in Latin America written by Callye R. M. Masten. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: The determinants of foreign direct investment (FDI) have been widely examined. Previous studies have shown that exchange rates play a vital role in the analysis and are a major determinant in the flow of FDI. Most research has focused on examining how exchange rate volatility affects the economies of developed nations. However, little research has been done in understanding the impact of exchange rate volatility on FDI flows to Latin America. Developing countries lack the capital that is needed for further growth. Therefore, FDI is important to developing countries, because it allows them to gain the necessary capital. This paper examines the relationship between exchange rate volatility, political institutions and FDI flows into Latin America across two sectors: food processing, and industrial manufacturing. Empirical results show that exchange rate volatility significantly deters the flow of U.S. FDI into Latin America. Other significant economic factors are U.S. interest rates and openness to trade. Conflict and corruption are the political risk factors that have significant impacts on FDI flows. Conclusions from the paper recommend governments in Latin America to implement macroeconomic polices that promote stability, which could help reduce exchange rate volatility and lower inflation.

The Effects of Real Exchange Rate Volatility on Sectoral Investment

2017-05-18 Business & Economics
Download The Effects of Real Exchange Rate Volatility on Sectoral Investment PDF Online Free

Author :
Release : 2017-05-18
Genre : Business & Economics
Kind : eBook
Book Rating : 716/5 ( reviews)

GET EBOOK


Book Synopsis The Effects of Real Exchange Rate Volatility on Sectoral Investment by : Bahar Erdal

Download or read book The Effects of Real Exchange Rate Volatility on Sectoral Investment written by Bahar Erdal. This book was released on 2017-05-18. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1997. This study investigates what the effects of real exchange rate volatility are on sectorial investment in the fixed and flexible exchange rate systems. It lays out the results of research into the effects of the levels and volatility of real exchange rates on investment in the manufacturing sectors of the countries in the European Monetary System as well as of the countries in the flexible exchange rate system, with data from between 1973 and 1993. Examining the differences between the two systems in the results this book also looks at exchange rate effects on interest rates at the time.

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