On the distributional effects of exchange rate fluctuations
By: Cédric Tille.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 146; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 146.
Publisher: Federal Reserve Bank of New York
Published: 2002
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Foreign exchange rates.; Households -- Economic aspects.
Description: "The paper studies the differential impact of exchange rate fluctuations on households in a country.  I extend earlier research by relaxing the assumption of complete international sectoral specialization.  My setup allows for the presence of several different sectors in a given country, each producing a different type of good.  Combined with incomplete asset markets, the sectoral dimension leads to a heterogenous impact of exchange rate fluctuation within each country.  In particular, although a depreciation of a country's currency has an adverse "beggar-thyself" effect for the country as a whole, a minority of households benefit"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 3/1/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.