This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration t

Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in bo

We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibi

The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with la

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetar