The empirical evidence

has at best been inconclusive. The large majority of the empirical studies are unable to establish a systematically significant link between exchange rate variability and the volume of international trade whether on an aggregate or on a bilateral basis. Abrams (1980)

Bill Carlson

Next Post

<p>First of all

Sat Jan 11 , 2020
some country even cannot afford to cover the high interest rate charge by the IMF and World Bank. The loan that offered by the IMF and World Bank to poor country is considered as the debt trap because most of the countries made the IMF and World Bank loan is […]