International Financial Integration and National Price Levels: The Role of the Exchange Rate Regime

How does international financial integration affect national price levels? Panel evidence for 54 industrialized and emerging countries shows that a larger ratio of foreign assets and liabilities to GDP, our measure of international financial integration, increases the national price level under fix...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 33-2011)
Main Authors:	Hoffman, Matthias, Tillmann, Peter
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2011
Subjects:	exchange rate regime Wirtschaft national price level international financial integration foreign asset position PPP Economics
Online Access:	PDF Full Text
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