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DOES THE SERVICE TRADE OPENNESS MITIGATE REAL EXCHANGE RATE VOLATILITY?
- Source :
- Bulletin Ekonomi Moneter dan Perbankan, Vol 24, Iss 2, Pp 237-254 (2021)
- Publication Year :
- 2021
- Publisher :
- Bank Indonesia, 2021.
-
Abstract
- This study examines the relationship between trade openness and exchange rate volatility. We use panel data of 52 countries and document trade openness has a negative and statistically significant effect on exchange rate volatility. The second explanatory variable considered in the model is money supply shock which is found to have a positive and statistically significant effect on exchange rate volatility. Our results survive battery of robustness checks.
Details
- Language :
- Indonesian
- ISSN :
- 24609196 and 14108046
- Volume :
- 24
- Issue :
- 2
- Database :
- OpenAIRE
- Journal :
- Bulletin Ekonomi Moneter dan Perbankan
- Accession number :
- edsair.doi.dedup.....07b59b2e83ebda027833d015594b1fd8