exchange rate volatility on total exports for a panel of 42 developing countries from 1975 to 2004. The results show that both … real exchange rate misalignment and real exchange rate volatility affect negatively exports. The results also illustrate … that real exchange rate volatility is more harmful to exports than misalignment. These outcomes are corroborated by …

This paper investigates the effect of real exchange rate misalignment and volatility on Malaysian import flows during … Natural Real Exchange Rate (NATREX) equilibrium model, whereas the volatility of real exchange rate is generated from the … the level of Malaysian imports for period of the study. The empirical results also show that the exchange rate volatility …

period of 1994q3–2005q2. The results suggest thatthe real exchange rate volatility and misalignment have depressing effects … volatility proving that the policy-induced changes in exchange rate has a stabilizing effect on trade flows. The implied … elasticity for the most significant real exchange rate volatility coefficient is -0.20. Using a two-step Engle-Granger technique …

15), over the period 1960–2000. We measure the volatility using standard deviation, and the misalignments as the … difference between the actual REER and the equilibrium REER (NATREX model). We show that a rise in the volatility of the dirham … balance with the European Union. On the other hand, neither the volatility nor the misalignments have an effect on foreign …