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Diane Publishing Books
Exchange Rates and Business Cycles Across Countries: A Reprint from “Economic Quarterly”
Margarida Duarte (au); Diego Restuccia (au); Andrea L. Waddle (au)
Studies the business cycle properties of exchange rates & other macro-economic variables in a panel of developed & developing countries. The authors find substantial variation in the degree of co-movement of exchange rates with other macroeconomic variables across countries in their sample. Moreover, the volatility of exchange rates is much larger in developing countries than in developed countries. This larger volatility of exchange rates in developing countries is associated with the characteristics of business cycles & the level of co-movement with other aggregates. Charts & tables.
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