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misalignments. On average, exchange rate volatility has a negative (even if not large) impact on trade flows. The extent of this …, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency …This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically …
Persistent link: https://www.econbiz.de/10010283586
poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income … inequality in one country creates price divergence between trading countries. Lower inequality not only further decreases trade …
Persistent link: https://www.econbiz.de/10014290089
We examine the interaction between goods trade and market power in domestic trade and distribution sectors. Theory … suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 … OECD countries vis-à-vis 69 exporters. Competition in services affects the volume of goods trade while the market structure …
Persistent link: https://www.econbiz.de/10010264318
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10010281451
poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income … inequality in one country creates price divergence between trading countries. Lower inequality not only further decreases trade …
Persistent link: https://www.econbiz.de/10014264149
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per …
Persistent link: https://www.econbiz.de/10012179812
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per …
Persistent link: https://www.econbiz.de/10012844218
favors the country that supplies the most liquid assets. In such a setting, trade liberalization magnifies the gap in …
Persistent link: https://www.econbiz.de/10011615841
Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …
Persistent link: https://www.econbiz.de/10011615862
Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … spending on inputs is affected by trade costs. However, in cross-country data, there is no such positive correlation between … is implicitly assumed in the usual formulation of aggregate CES production functions. Whether trade liberalization …
Persistent link: https://www.econbiz.de/10011388257