TY - JOUR
T1 - Real exchange rate volatility, terms-of-trade shocks, and financial integration in primary-commodity exporting economies
AU - Al-Abri, Almukhtar
PY - 2013/7
Y1 - 2013/7
N2 - Using a panel of 53 primary-commodity exporting countries, we show that greater international financial integration reduces the impact of terms-of-trade shocks on real exchange rate volatility. This reduction is larger when we define financial integration as foreign direct investment.
AB - Using a panel of 53 primary-commodity exporting countries, we show that greater international financial integration reduces the impact of terms-of-trade shocks on real exchange rate volatility. This reduction is larger when we define financial integration as foreign direct investment.
KW - Foreign direct investment
KW - Foreign portfolio investment
KW - International financial integration
KW - Real exchange rate
UR - http://www.scopus.com/inward/record.url?scp=84877323697&partnerID=8YFLogxK
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U2 - 10.1016/j.econlet.2013.04.003
DO - 10.1016/j.econlet.2013.04.003
M3 - Article
AN - SCOPUS:84877323697
SN - 0165-1765
VL - 120
SP - 126
EP - 129
JO - Economics Letters
JF - Economics Letters
IS - 1
ER -