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 |
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Uncontrolled Keywords: | Real exchange rate; Denomination of debt; Business cycles |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Arts and Social Sciences > Academic programs > Economics Faculty of Arts and Social Sciences |
Depositing User: | İnci Gümüş |
Date Deposited: | 27 Aug 2015 15:57 |
Last Modified: | 02 Aug 2019 16:08 |
URI: | https://research.sabanciuniv.edu/id/eprint/27073 |