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The relationship between exchange rates and International Trade: A review of economic literature
Auboin, Marc; Ruta, Michel - 2011
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/10010326777
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The relationship between exchange rates and international trade: A literature review
Auboin, Marc; Ruta, Michele - 2012
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
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Estimating the effect of exchange rate changes on total exports
Mayer, Thierry; Steingress, Walter - 2019
aggregate regression specification that is consistent with bilateral trade flows micro-founded by the gravity equation. This … for this prediction from annual trade flow data. The difference between elasticities estimated on the bilateral and …
Persistent link: https://www.econbiz.de/10012000121
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Operational hedging of exchange rate risks
Tscheke, Jan - 2016
Exchange rate exposure of firms diminishes when imported intermediates and exports are denominated in currencies that move together. Appreciations of the domestic currency, raising foreign currency export prices, then also reduce marginal costs, allowing firms to counter the increase in foreign...
Persistent link: https://www.econbiz.de/10011568538
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The Effect of Exchange Rate Volatility on Trade in Durables
Lee, Jaewoo - 1998
exchange rate is a strong source of uncertainty in import prices, exchange rate volatility has a negative effect on the demand … for imported durables. In an imperfectly competitive market, the volatility of the exchange rate is predicted to reduce …
Persistent link: https://www.econbiz.de/10014068232
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Managing capital flows in Asia : an overview of key issues
Villafuerte, James; Yap, Josef T. - 2015
Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows generate both benefits and costs. The latter are associated with episodes of currency and banking crises like the 1997 Asian financial crisis and the 2008 global financial and...
Persistent link: https://www.econbiz.de/10011386741
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Nonlinear relationship between exchange rate volatility and economic growth
Phiri, Andrew - 2018
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10011870188
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Volume and volatility in the FX-market : does it matter who you are?
Bjønnes, Geir H.; Rime, Dagfinn; Solheim, Haakon - 2002
The relationship between volume and volatility has received much attention in the the literature of financial markets … the impact of volume on volatility in the the FX-market using a unique data set of daily trading in the Swedish krona (SEK … depict a positive correlation with volatility. However, the strength of the relationship depends on the instrument used and …
Persistent link: https://www.econbiz.de/10011539127
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The impact of central bank FX interventions on currency components
Beine, Michel; Bos, Charles S.; Laurent, Sebastian - 2005
1989-2003. We identify the currency components of the mean and the volatility processes of exchange rates using the recent …
Persistent link: https://www.econbiz.de/10011346461
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Determinants of the ZAR/USD exchange rate and policy implications : a simultaneous-equation model
Hsing, Yu - In: Cogent economics & finance 4 (2016) 1, pp. 1-7
This paper examines the determinants of the South African rand/US dollar (ZAR/USD) exchange rate based on demand and supply analysis. Applying the EGARCH method, the paper finds that the ZAR/USD exchange rate is positively associated with the South African government bond yield, US real GDP, the...
Persistent link: https://www.econbiz.de/10011450559