Measuring the external risk in the United Kingdom
AbstractThis paper aims to describe the evolution of the external risk in the United Kingdom between 1961 and 2008. We first present a theoretical description of the risk indicator. Then, we calculate this measure for the British economy in the period of study. In general, the results reveal a very small increase of external risk. Finally, the relationship between the two dimensions of external risk: trade openness and external volatility is analysed.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 2 ()
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trade openness; terms of trade volatility; external risk; United Kingdom;
Find related papers by JEL classification:
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
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