Fang, Wen-Shwo; Chang, Tsang-Yao; Lai, YiHao - In: Journal of Economics and Management 3 (2007) 1, pp. 67-96
Exchange rate movements affect exports through depreciation (appreciation) and risk. Depreciation may raise exports but … rate risk. Depreciation and export revenue are positively related, as expected, for eight countries, but its contribution … depreciation, to reduce exchange rate fluctuation should be the goal of foreign exchange market intervention. …
