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Exchange Rate Flexibility, Volatility, and Domestic and Foreign Direct Investment

Exchange Rate Flexibility, Volatility, and Domestic and Foreign Direct Investment »

Source: IMF Staff papers : Volume 39 No. 4

Volume: 39

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451930825

Keywords: international monetary fund, exchange rate, trade liberalization, external debt, foreign exchange

Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collaps...