Uncertainty, Flexible Exchange Rates, and Agglomeration:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Ricci, Luca Antonio (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1998
Schriftenreihe:IMF Working Papers Working Paper No. 98/9
Links:http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
http://elibrary.imf.org/view/IMF001/07642-9781451927351/07642-9781451927351/07642-9781451927351.xml
Abstract:This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative effect of country size on variability of industrial production is stronger after the 1973 collapse of fixed rates and (2) for small (large) countries, exchange rates variability has a long-run negative (positive) effect on net inward FDI flows. Two implications arise: creating a currency area fosters agglomeration in the area, and a two-stage EMU may exacerbate the current uneven regional development
Umfang:1 Online-Ressource (34 p)
ISBN:1451927355
9781451927351