Showing 1 - 10 of 236
We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the EU. Using administrative data on the universe of...
Persistent link: https://www.econbiz.de/10015048791
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different volatility measures and four country groups. In...
Persistent link: https://www.econbiz.de/10011294706
complementarity between exports and capital flows. When testing the trade-finance nexus for different types of capital flows, the …
Persistent link: https://www.econbiz.de/10012099470
The purpose of this study is demonstrating why entrepreneurs should monitor the broad dollar index. This paper explains the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP). CIP can be viewed as a reflection of the shadow...
Persistent link: https://www.econbiz.de/10013173246
Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10013187157
This paper presents new evidence on international trade and worker outcomes. It examines a big world event that produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate unexpectedly voted to leave the European Union, the value...
Persistent link: https://www.econbiz.de/10012022416
We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting – to explore the extent and consequences of...
Persistent link: https://www.econbiz.de/10012491801
This study reports results from an empirical investigation of business services sector firms that (start to) export, comparing exporters to firms that serve the national market only. We estimate identically specified empirical models using comparable enterprise level data from France, Germany,...
Persistent link: https://www.econbiz.de/10008989751
/2009. Almost all of the decline in exports was due to negative changes of exports in firms that continue to export (i.e. at the so …-called intensive margin) while the decrease of exports due to export stoppers (at the so-called extensive margin) was tiny. It is shown … that Idiosyncratic shocks to very large firms played a decisive role in shaping the export collapse. -- exports ; great …
Persistent link: https://www.econbiz.de/10009533357
activities – exports, imports and two-way trade. It uses unique new representative data for manufacturing enterprises from … advantages of trading firms are eaten up by extra costs related to selling and buying on foreign markets. -- exports ; imports …
Persistent link: https://www.econbiz.de/10009308838