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To what extent do exchange rates and their volatility affect trade ?

Huchet-Bourdon, Maryline; Korinek, J. - HAL - 2011

their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on … unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also … the one hand and manufacturing and mining on the other. It finds that exchange volatility impacts trade flows only …

Persistent link: https://www.econbiz.de/10010899210

Entry mode choice and target firm selection: private and collective incentive analysis

Zhao, Kai - HAL - 2011

The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenﬁeld investment Vs Cross … export credible threats. If greenﬁeld FDI is viable, entering ﬁrm prefers acquiring the low-productivity ﬁrm, when the …, there is always the ambiguity between the foreign ﬁrm's preference and the government's judgment. If export entry option is …

Persistent link: https://www.econbiz.de/10010899386

Intra-firm and arm's length trade: how distance matters?

Bombarda, Pamela - HAL - 2011

Multinational and exporting firms play a key role in trade patterns. To highlight the importance of intra-firm trade in share of world trade, this paper develops a model of trade and intra-firm trade with heterogeneous firms. In this set up, trade costs apply to both exports and multinational...

Persistent link: https://www.econbiz.de/10010899726

Invention and transfer of climate change-mitigation technologies: A global analysis

Dechezleprêtre, Antoine; Glachant, Matthieu; Hascic, Ivan - HAL - 2011

contribution of emerging economies is far from negligible as China and Brazil together account for about 10 percent of total … percent) but are growing rapidly, especially to China. …

Persistent link: https://www.econbiz.de/10008792117

Inflation Targeting, Exchange Rate and Financial Globalization

Tahir, Muhammad Naveed - HAL - 2011

In this paper we investigate the impact of financial globalization on the behaviour of inflation targeting emerging market economies with respect to exchange rate - do central banks respond to exchange rate movements or not. We use quarterly data for six emerging market inflation targeting...

Persistent link: https://www.econbiz.de/10009372685

Exchange Rate Undervaluation and Manufactured Exports: A Deliberate Strategy?

Nouira, Ridha; Plane, Patrick; Sekkat, K. - HAL - 2011

Recent literature suggests that a proactive exchange rate policy in accordance with price incentives (i.e. undervaluation) can foster manufactured exports and growth. This paper is built on these recent developments and investigates, using a sample of 52 developing countries, whether such a...

Persistent link: https://www.econbiz.de/10009278330

Is it possible to discriminate between different switching regressions models? An empirical investigation

Charfeddine, Lanouar; Guegan, Dominique - HAL - 2008

In this paper we study, using the sup LR test, the possibility of discrimination between two classes of models: the Markov switching models of Hamilton (1989) and the Threshold Auto-Regressive Models (TAR) of Lim and Tong (1980). This work is motivated by the fact that generally practicians use,...

Persistent link: https://www.econbiz.de/10010738508

Testing unit roots and long range dependence of foreign exchange

Guegan, Dominique; Lu, Zhiping - HAL - 2010

Foreign exchange rate plays an important role in international finance. This paper examines unit roots and the long range dependence of 23 foreign exchange rates using Robinson's (1994) test, which is one of the most efficient tests when testing fractional orders of seasonal/cyclical long memory...

Persistent link: https://www.econbiz.de/10010603665

Merchant Sharing Theory

Fournier, Laurent - HAL - 2013

This paper is the first attempt to formalize a new field of economics; studding the Intangibles Goods available on the Internet. We are taking advantage of the digital world's specific rules to propose a theory of trading & sharing unified. A function based money is created as a world-wide...

Persistent link: https://www.econbiz.de/10010899295

Exchange Rate Undervaluation to Foster Manufactured Exports: A Deliberate Strategy?

Plane, Patrick; Nouira, Ridha; Sekkat, K. - HAL - 2011

Recent literature suggests that a proactive strategy consisting of deliberate real exchange rate depreciation can promote exports diversification and growth. This paper is built on these recent developments and investigates whether four developing countries have adopted such a strategy. Data...

Persistent link: https://www.econbiz.de/10008793610