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The paper investigates interrelations between the dynamics of national central banks’ interest rat es and international trade within the BRIC countries . It shows that countries with lower interest rates experience growth of the share of machinery industry exports rather than agriculture and food products, and, on the contrary, in countries with higher i nterest rates the share of agriculture and food exports increases and the share of machinery industry products declines. The investigation has shown that a relative shift in the interest rate can affect the specialization of countries.
№ | Имя | Описание | Имя файла | Размер | Добавлен |
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1. | Полный текст | Полная версия статьи | 11-Borodin_and_Strokov_IAMO_Forum_2011.pdf | 602,1 КБ | 28 ноября 2014 [hohulya] |