volatility and change in volumes traded, might have represented an early indicator, in reference to the spot market, of the lack …

We study whether the accuracy of news announcements matters for the impact of news on exchange rate volatility. We use … precise news increases volatility significantly more than imprecise news. Also, news on indicators that are in general more … precise increase volatility more than news on typically imprecise indicators. Finally, we use real time data to measure the …

This paper assesses exchange rate development and volatility in six new EU member states (Cyprus, Czech Republic … return and the exchange rate volatility is analyzed using moving average standard deviations of the annualized daily returns …, SKK) entered into the mechanism at the optimal time of stable exchange rate development and low volatility. On the other …

Many computable general equilibrium models have been set up recently, in order to assess the benefits of trade …

trade liberalization promotes a reduction of the number of firms in each country and a deeper division of labor, thus … increasing firm productivity and improving welfare. Our model suggests a new interpretation of the trade-induced firm …

15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the … reduces the trade flows, i.e. the exports and the imports. The misalignments also affect the trade flows: an overvaluation … balance with the European Union. On the other hand, neither the volatility nor the misalignments have an effect on foreign …

potential output into the specification of the foreign trade equations of the partial equilibrium FEER model we show that, under … behavioral equilibrium exchange (BEER). Moreover, we indicate that including the terms of trade as an explanatory variable in a …

contributions on international trade and the world economy, relevant economic history, as well as Krugman’s comments on these issues …

Perceptions of international trade barriers are important in the decision of firms to export.This study makes an …