Bahmani-Oskooee, Mohsen; Hosny, Amr Sadek - In: International Journal of Trade and Global Markets 5 (2012) 2, pp. 142-152
The 'S-Curve' phenomenon postulates that while cross correlation coefficients between past values of the trade balance … and current exchange rate could be negative, the same cross-correlation between future values of the trade balance and … current exchange rate could be positive. In this study, we test the S-Curve using bilateral trade data between Egypt and its …