Fear of Floating and Optimal Exchange Rate Policy in Emerging Economies

2014 Fiscal Year Final Research Report

• Project/Area Number: 24730273
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Public finance/Monetary economics
• Research Institution: Kyushu University
• Principal Investigator: NAKAMURA Chikafumi 九州大学, 経済学研究科(研究院), 講師 (70612571)
• Project Period (FY): 2012-04-01 – 2015-03-31
• Keywords: 為替政策 / 小国開放経済 / 外貨建て資金調達 / 信用制約

Outline of Final Research Achievements

This research analyzes impacts of exchange rate risks in international trade and finance on emerging economies, and verifies which risk has a more serious impact. Our results suggest that in the fear of floating discussions, irrespective of trade openness and exchange rate pass-through, exchange rate policies to defuse exchange rate risks in finance stabilizes macroeconomic volatilities more efficiently.

Free Research Field

社会科学