Baum, Christopher F.; Caglayan, Mustafa; Ozkan, Neslihan - In: Journal of Applied Econometrics 19 (2004) 1, pp. 1-23
In this paper, we investigate empirically the impact of exchange rate volatility on real international trade flows utilizing a 13-country data set of monthly bilateral real exports for 1980-1998. We compute one-month-ahead exchange rate volatility from the intra-monthly variations in the...