01692cas a2200241 a 4500 AALejournalIMF007766 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451977707 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Trade and Investment Performance Under Floating Exchange Rates : The U.S. Experience. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of international trade. In this paper, after reviewing the theories and evidence on this issue, we go on to consider the impact of exchange rate variability on direct foreign investment. We summarize and amplify upon the scant theoretical literature of this issue, and proceed to test U.S. data for the presence of such an impact. We find none. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/037/001.1988.issue-037-en.xml IMF e-Library