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What makes a currency procyclical ? an empirical investigation (English)

Abstract

This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries' currencies as procyclical if they appreciate in good times, countercyclical if they appreciate in bad times, ...  See More +

Details

  • Cordella, Tito; Gupta, Poonam;
  • 2014/11/01 08:22:04
  • Policy Research Working Paper;
  • WPS7113
  • 1
  • 1
  • World
  • The World Region
  • 2014/11/01 00:00:00
  • Disclosed
  • What makes a currency procyclical ? an empirical investigation
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