Arize, A.; Malindretos, J. - In: Journal of Economics and Finance 22 (1998) 2, pp. 43-56
In this paper we obtain and interpret estimates of the short- and long-run influence of exchange-rate volatility (or risk) on the volume of trade of two Pacific-Basin Countries, Australia and New Zealand, in the generalized floating exchange-rate period. For each country, a unique, theoretically...