Essec\Faculty\Model\Contribution {#6196
  #_index: "academ_contributions"
  #_id: "923"
  #_source: array:26 [
    "id" => "923"
    "slug" => "current-account-and-real-exchange-rate-changes-the-impact-of-trade-openness"
    "yearMonth" => "2018-06"
    "year" => "2018"
    "title" => "Current Account and Real Exchange Rate changes: the impact of Trade Openness"
    "description" => "ROMELLI, D., TERRA, C. et VASCONCELLOS, E. (2018). Current Account and Real Exchange Rate changes: the impact of Trade Openness. <i>European Economic Review</i>, 105, pp. 135-158."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "TERRA Cristina"
        "bid" => "B00204269"
        "slug" => "terra-cristina"
      ]
      1 => array:1 [
        "name" => "ROMELLI D."
      ]
      2 => array:1 [
        "name" => "VASCONCELLOS E."
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:3 [
      0 => "Trade openness"
      1 => "Exchange rate depreciation"
      2 => "Sudden stops"
    ]
    "updatedAt" => "2021-09-24 10:33:27"
    "publicationUrl" => "https://www.sciencedirect.com/science/article/abs/pii/S001429211830045X?via%3Dihub"
    "publicationInfo" => array:3 [
      "pages" => "135-158"
      "volume" => "105"
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "This paper investigates the impact of trade openness on the relationship between current account and the real exchange rate, by focusing on event windows of significant balance of payments distress. We identify episodes of sudden stops in capital flows and of abrupt currency depreciations for a large sample of developed and emerging economies over the period 1970–2011, and we find that, during these episodes, currency depreciations are associated with larger improvements in the current account in countries that are more open to trade. Our results suggest that the magnitude of exchange rate depreciations over the adjustment process of current accounts is related to the degree of openness to trade."
      "en" => "This paper investigates the impact of trade openness on the relationship between current account and the real exchange rate, by focusing on event windows of significant balance of payments distress. We identify episodes of sudden stops in capital flows and of abrupt currency depreciations for a large sample of developed and emerging economies over the period 1970–2011, and we find that, during these episodes, currency depreciations are associated with larger improvements in the current account in countries that are more open to trade. Our results suggest that the magnitude of exchange rate depreciations over the adjustment process of current accounts is related to the degree of openness to trade."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-04-18T21:22:06.000Z"
    "docTitle" => "Current Account and Real Exchange Rate changes: the impact of Trade Openness"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/terra-cristina">TERRA Cristina</a>, ROMELLI D., VASCONCELLOS E."
    "docDescription" => "<span class="document-property-authors">TERRA Cristina, ROMELLI D., VASCONCELLOS E.</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2018</span>"
    "keywordList" => "<a href="#">Trade openness</a>, <a href="#">Exchange rate depreciation</a>, <a href="#">Sudden stops</a>"
    "docPreview" => "<b>Current Account and Real Exchange Rate changes: the impact of Trade Openness</b><br><span>2018-06 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://www.sciencedirect.com/science/article/abs/pii/S001429211830045X?via%3Dihub" target="_blank">Current Account and Real Exchange Rate changes: the impact of Trade Openness</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.72674
  +"parent": null
}