title   
  

Real exchange rate volatility and business cycles in emerging market economies

Gümüş, İnci and Taşpınar, Emine Zeren (2015) Real exchange rate volatility and business cycles in emerging market economies. Economics Letters, 134 . pp. 127-129. ISSN 0165-1765

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Official URL: http://dx.doi.org/10.1016/j.econlet.2015.07.011

Abstract

This paper analyzes how real exchange rate volatility affects business cycles through the cost of foreign currency borrowing. The results show that output volatility increases by up to 22% as the share foreign-denominated debt increases from 0 to 100%.

Item Type:Article
Uncontrolled Keywords:Real exchange rate; Denomination of debt; Business cycles
Subjects:H Social Sciences > HB Economic Theory
ID Code:27073
Deposited By:İnci Gümüş
Deposited On:27 Aug 2015 15:57
Last Modified:27 Aug 2015 15:57

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