Real Exchange Rate Uncertainty and Private Investment in Developing Countries is popular PDF and ePub book, written by Luis Servén in 2002, it is a fantastic choice for those who relish reading online the Capital stock genre. Let's immerse ourselves in this engaging Capital stock book by exploring the summary and details provided below. Remember, Real Exchange Rate Uncertainty and Private Investment in Developing Countries can be Read Online from any device for your convenience.
Real Exchange Rate Uncertainty and Private Investment in Developing Countries Book PDF Summary
Serven examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The impact of uncertainty is not uniform, however. There is some evidence of threshold effects, so that uncertainty only matters when it exceeds some critical level. In addition, the negative impact of real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with less developed financial systems.
Detail Book of Real Exchange Rate Uncertainty and Private Investment in Developing Countries PDF
- Author : Luis Servén
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Capital stock
- Total Page : 24 pages
- Language : English
- PDF File Size : 15,6 Mb
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