This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency misalignments. On average, exchange rate volatility has a negative...

This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency misalignments. On average, exchange rate volatility has a negative...

Mit Beginn der 2000er Jahre traten Kasachstan, Russland und die Ukraine (KRU), also Länder, die traditionell eher nicht als Weizen-Exportländer bekannt waren, als bedeutende Exporteure auf dem Weltmarkt für Weizen auf. In Folge dessen vergrößerte sich der Wettbewerb auf dem internationalen...

The study of Spatial Market Integration (SMI) has been of great concern for agricultural economists, with the Takayama and Judge Price and Allocation Model (TJM), in which prices are bounded by the Spatial Equilibrium Condition (SEC), being the core economic theory. The SEC implies that no...