Trade Openness and Exchange Rate Stability: Revisiting the Evidence from Upper-Middle RCEP Economies
Keywords:
Trade Openness, Exchange Rate, RCEP Countries, Upper-Middle IncomeAbstract
A study that re-examines the relationship between how open a country is to international trade and the stability of its currency value within the group of Regional Comprehensive Economic Partnership (RCEP) member states classified as upper-middle-income economies. The phrase “Trade Openness” refers to the degree to which these economies engage in exports and imports, while “Exchange Rate Stability” points to the consistency and predictability of their currency values in global markets. By using the term “Revisiting the Evidence,” the title signals that the paper does not present the first attempt at this topic, but rather offers a fresh analysis with updated data or methods to validate, challenge, or extend earlier findings. In essence, the study aims to provide new insights into whether greater trade openness contributes to or undermines exchange rate stability in these strategically important economies.
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