Exchange Rate Volatility And World Trade

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 76 pages
File Size : 47,6 Mb
Release : 1984-07-08
Category : Business & Economics
ISBN : 1557750653

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Exchange Rate Volatility and World Trade by International Monetary Fund Pdf

In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate variability on trade. Against the background of this concern, the following decision was reached at the ministerial meeting of the General Agreement of Tariffs and Trade (GATT) in November 1982.

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 41,9 Mb
Release : 1984
Category : Commerce
ISBN : OCLC:64117611

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Exchange Rate Volatility and World Trade by Anonim Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 132 pages
File Size : 52,6 Mb
Release : 2004-05-19
Category : Business & Economics
ISBN : 9781498330282

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Exchange Rate Volatility and Trade Flows--Some New Evidence by International Monetary Fund Pdf

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Author : Jennie L. Carter
Publisher : Unknown
Page : 62 pages
File Size : 41,5 Mb
Release : 1984
Category : Electronic
ISBN : OCLC:310851367

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Exchange Rate Volatility and World Trade by Jennie L. Carter Pdf

Author : Mr.Peter B. Clark,Mr.Hamid Faruqee
Publisher : International Monetary Fund
Page : 40 pages
File Size : 43,6 Mb
Release : 1997-10-01
Category : Business & Economics
ISBN : 9781451936629

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Exchange Rate Volatility, Pricing to Market and Trade Smoothing by Mr.Peter B. Clark,Mr.Hamid Faruqee Pdf

This paper investigates the consequences of exchange rate volatility on the variability of export prices and quantities in the presence of market segmentation and pricing to market. Firms stabilize destination prices through systematic price discrimination, limiting the degree of exchange rate pass-through. Consequently, the variability of exchange rates is not fully translated into prices and quantities at the point of destination. Empirical estimates using aggregate price data for the G-7 industrial countries show incomplete pass-through in variances, with considerable variation among these countries. U.S. industry specific data also indicate incomplete pass-through in most cases, with considerable variation across industries.

Author : Meher Manzur
Publisher : Routledge
Page : 224 pages
File Size : 49,7 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134885121

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Exchange Rates, Prices and World Trade by Meher Manzur Pdf

This book provides a systematic treatment of the interaction between national price levels and exchange rates, and the formation of expectation regarding exchange rates on trade flows. The thrust is empirical and the study is made up of five self-contained chapters with a common theme, viz., the behaviour of prices and quantities in international goods and financial markets. The major motivation is to distill the key issues addressed in the extremely large literature and present these issues in a succinct analytical manner.

Author : Mr. Peter B. Clark,Shang-Jin Wei,Ms. Natalia T. Tamirisa,Mr. Azim M. Sadikov,Li Zeng
Publisher : International Monetary Fund
Page : 72 pages
File Size : 40,9 Mb
Release : 2004-09-30
Category : Business & Economics
ISBN : 9781452733876

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A New Look at Exchange Rate Volatility and Trade Flows by Mr. Peter B. Clark,Shang-Jin Wei,Ms. Natalia T. Tamirisa,Mr. Azim M. Sadikov,Li Zeng Pdf

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.

Author : Anonim
Publisher : Unknown
Page : 62 pages
File Size : 46,9 Mb
Release : 1984
Category : Commerce
ISBN : 0119837072

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Exchange Rate Volatility and World Trade by Anonim Pdf

Author : De Vries, Casper G,Viaene, Jean-Marie,Université de Montréal. Département de sciences économiques
Publisher : Montréal : Dép. de science économique, Université de Montréal
Page : 17 pages
File Size : 43,6 Mb
Release : 1987
Category : Electronic
ISBN : 2920857673

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Exchange Rate Volatility and International Trade by De Vries, Casper G,Viaene, Jean-Marie,Université de Montréal. Département de sciences économiques Pdf

Author : Ying Qian
Publisher : World Bank Publications
Page : 47 pages
File Size : 52,6 Mb
Release : 1992
Category : Exports
ISBN : 8210379456XXX

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Does Exchange Rate Volatility Hinder Export Growth? by Ying Qian Pdf

Inconsistency in the relationship between exchange rate volatility and export growth reflects differences among countries in the currency in which trade is invoiced. Also, exchange rate volatility may affect the allocation of trade more than its level.

Author : Peter Barton Clark,Natalia Tamirisa,Shang-Jin Wei
Publisher : Occasional Papers
Page : 63 pages
File Size : 48,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 1589063589

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A New Look at Exchange Rate Volatility and Trade Flows by Peter Barton Clark,Natalia Tamirisa,Shang-Jin Wei Pdf

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.

Author : Marc Auboin,Michele Ruta
Publisher : Unknown
Page : 128 pages
File Size : 51,6 Mb
Release : 2011
Category : Electronic
ISBN : OCLC:838695126

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The Relationship Between Exchange Rates and International Trade by Marc Auboin,Michele Ruta Pdf

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 (even if not large) impact on trade flows. The extent of this effect depends on a number of factors, including the existence of hedging instruments, the structure of production (e.g. the prevalence of small firms), and the degree of economic integration across countries. Exchange rate misalignments are predicted to have short-run effects in models with price rigidities, but the exact impact depends on a number of features, such as the pricing strategy of firms engaging in international trade and the importance of global production networks. This effect is predicted to disappear in the long-run, unless some other distortion characterizes the economy. Empirical results confirm that short-run effects can exist, but their size and persistence over time are not consistent across different studies. -- Exchange rates ; volatility ; misalignments ; international trade

Author : Mr.Giovanni Dell'Ariccia
Publisher : International Monetary Fund
Page : 28 pages
File Size : 49,8 Mb
Release : 1998-08-01
Category : Business & Economics
ISBN : 9781451852950

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Exchange Rate Fluctuations and Trade Flows by Mr.Giovanni Dell'Ariccia Pdf

This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the particular measures representing exchange rate uncertainty. Particular attention is reserved for problems of simultaneous causality. The negative correlation between trade and bilateral volatility remains significant after controlling for the simultaneity bias. However, a Hausman test rejects the hypothesis of the absence of simultaneous causality.

Author : David Bigman,Teizo Taya
Publisher : Beard Books
Page : 356 pages
File Size : 53,5 Mb
Release : 2003-03
Category : Business & Economics
ISBN : 1587981297

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Floating Exchange Rates and the State of World Trade and Payments by David Bigman,Teizo Taya Pdf

Analyzes developments in the international monetary system since 1973, with anew added epilogue.

Author : Suchada Vichitakul Langley
Publisher : Captus Press
Page : 184 pages
File Size : 50,7 Mb
Release : 2002
Category : Business & Economics
ISBN : 1553220439

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Exchange Rate Volatility and International Agricultural Trade by Suchada Vichitakul Langley Pdf