Exchange Rate Regimes and Tourism
| Autor: | Francisco Ledesma-Rodríguez, Jorge V. Pérez-Rodríguez, María Santana-Gallego |
|---|---|
| Rok vydání: | 2010 |
| Předmět: |
media_common.quotation_subject
Geography Planning and Development Monetary economics Ambiguity International economics Interest rate parity Exchange rate Tourism Leisure and Hospitality Management Economics Foreign exchange risk Foreign exchange market Common currency Tourism Panel data media_common |
| Zdroj: | Tourism Economics. 16:25-43 |
| ISSN: | 2044-0375 1354-8166 |
| Popis: | The main objective of this paper is to analyse the effect of exchange rate arrangements on international tourism. The ambiguity in the literature about the effect of exchange rate volatility contrasts with the magnitude of the impact of a common currency on trade. The authors apply panel data techniques to analyse the relevance of a common currency to tourism, finding that it is a major factor in the determination of tourist arrivals. They also analyse the impact of several de facto exchange rate arrangements on tourism, finding that less flexible exchange rates promote tourism. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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