Comments by Bhanupong Nidhiprabha, on Exchange Rate Flexibility, Financial Market Openness, and Economic Growth

Abstract

February 01 2018 Comments by Bhanupong Nidhiprabha, on Exchange Rate Flexibility, Financial Market Openness, and Economic Growth Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2018 by the Asian Economic Panel and the Massachusetts Institute of Technology2018Massachusetts Institute of Technology Asian Economic Papers (2018) 17 (1): 165–167. https://doi.org/10.1162/asep_a_00597 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments by Bhanupong Nidhiprabha, on Exchange Rate Flexibility, Financial Market Openness, and Economic Growth. Asian Economic Papers 2018; 17 (1): 165–167. doi: https://doi.org/10.1162/asep_a_00597 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Bhanupong Nidhiprabha: The paper's main hypothesis is based on the notion that exchange rate fluctuations can affect economic growth. The impact of exchange rate changes on output growth can help or hamper economic growth, depending on the level of the country's degree of financial openness. The main conclusion of the paper is derived from Table 2, which reports the regression result from estimating equation (1). The authors focus on the impact of exchange rate flexibility on per capita output, which varies with the degree of financial market openness. This implies that the volatile exchange rates hamper economic growth when the financial market openness is low, due to capital control. In other words, a country with limited capital mobility would not be able to grow fast if it is under a flexible exchange rate regime. On the other hand, a country whose domestic financial market is more integrated to the world... You do not currently have access to this content.