Mukherjee, Debasri; Pozo, Susan - In: Applied Economics 43 (2011) 13, pp. 1617-1627
We use a gravity model to analyse the impact of exchange-rate volatility on the volume of bilateral international trade. Semiparametric regression methods are applied to the pooled data for over 200 countries. Our results indicate that volatility affects trade negatively although at very high...