Trade and exposure
Article Abstract:
The effect of volatile currency exchange markets on trade is examined. Evidence shows that exposure to currency changes does not limit trade and in fact, companies that do the most trading are least affected by exchange movements.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
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Exchange rate policy and the zero bound on nominal interest rates
Article Abstract:
The importance of monetary policy to control the deflation and liquidity trap, as happened in Japan, is discussed. The proposals of exchange rate policy and price level targeting as tools to avoid deflation are presented.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
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