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A New Look at Exchange Rate Volatility and Trade Flows

2004-09-30 Business & Economics
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Release : 2004-09-30
Genre : Business & Economics
Kind : eBook
Book Rating : 872/5 ( reviews)

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Book Synopsis A New Look at Exchange Rate Volatility and Trade Flows by : Mr. Peter B. Clark

Download or read book A New Look at Exchange Rate Volatility and Trade Flows written by Mr. Peter B. Clark. This book was released on 2004-09-30. Available in PDF, EPUB and Kindle. Book excerpt: The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s and increasing cross-border capital flows, may have exacerbated exchange rate volatility, while others, such as a deepening of the market in foreign exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new developments and examining their effects on developing and transition economies, as well as on developed countries.

A New Look at Exchange Rate Volatility and Trade Flows

2004 Business & Economics
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Release : 2004
Genre : Business & Economics
Kind : eBook
Book Rating : 587/5 ( reviews)

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Book Synopsis A New Look at Exchange Rate Volatility and Trade Flows by : Peter Barton Clark

Download or read book A New Look at Exchange Rate Volatility and Trade Flows written by Peter Barton Clark. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s and increasing cross-border capital flows, may have exacerbated exchange rate volatility, while others, such as a deepening of the market in foreign exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new developments and examining their effects on developing and transition economies, as well as on developed countries.

Exchange Rate Volatility and Trade Flows--Some New Evidence

2004-05-19 Business & Economics
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Release : 2004-05-19
Genre : Business & Economics
Kind : eBook
Book Rating : 282/5 ( reviews)

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Book Synopsis Exchange Rate Volatility and Trade Flows--Some New Evidence by : International Monetary Fund

Download or read book Exchange Rate Volatility and Trade Flows--Some New Evidence written by International Monetary Fund. This book was released on 2004-05-19. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Exchange Rate Volatility and International Trade Flows

1993 Foreign exchange rates
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Release : 1993
Genre : Foreign exchange rates
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Exchange Rate Volatility and International Trade Flows by : Dashing Lao

Download or read book Exchange Rate Volatility and International Trade Flows written by Dashing Lao. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

A New Look at the Trade Volume Effects of Real Exchange Rate Risk

2003
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Release : 2003
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Book Synopsis A New Look at the Trade Volume Effects of Real Exchange Rate Risk by : Kai Li Wang

Download or read book A New Look at the Trade Volume Effects of Real Exchange Rate Risk written by Kai Li Wang. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes a new empirical look at the longstanding question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral level, monthly data and an innovative rational expectation-based multivariate GARCH-M estimator with corrections for leptokurtic errors that is consistent with the core hypothesis that traders' forward contracting behavior might be affected by exchange rate risk. We find that real exchange rate risk has insignificant effects in most sectors, although agricultural trade volumes appear highly responsive to real exchange rate volatility. These results differ significantly from those obtained using more conventional and restrictive modeling assumptions.

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