? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic …-border capital flows, may have exacerbated exchange rate volatility, while others, such as a deepening of the market in foreign …

to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of … developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing …

This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …

presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade … many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in …

This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and …

.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between …