01837cas a2200253 a 4500 AALejournalIMF008531 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860184 1018-5941 BD-DhAAL BD-DhAAL Kandil, Magda. The Effects of Exchange Rate Fluctuationson Output and Prices : Evidence From Developing Countries / Magda Kandil, Ida Mirzaie. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (32 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 The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations help to determine aggregate demand through exports, imports, and the demand for domestic currency, and aggregate supply through the cost of imported intermediate goods. Anticipated exchange rate depreciation, through the supply channel, has limited effects on output growth and inflation. Unanticipated currency fluctuations appear more significant, with varying effects on output growth and price inflation across developing countries. Mode of access: Internet Mirzaie, Ida. IMF Working Papers; Working Paper ; No. 2003/200 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/200/001.2003.issue-200-en.xml IMF e-Library