This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the...

This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the...

This paper applies the NATREX model of equilibrium exchange rates to evaluate several key studies of the Central and Eastern European Countries (CEEC) in general, with particular emphasis upon the Czech Republic and Hungary and with references to Poland and Bulgaria. On the basis of the NATREX...

Here is estimated the effect of monetary union and the exchange rate volatility on trade. First of all, Frankel and Rose (1997, 1998) have developed the idea that the suitability of European countries for the EMU cannot be judged on the basis of historical data. I use an augmented gravity model...

Hier wird der Effekt der Währungsunion und der Wechselkursvolatilität auf den Handel geschätzt. Frankel und Rose (1997, 1998) argumentierten als erste, dass historische Daten keine ausreichende Grundlage sind, um die Eignung der europäischen Länder für eine Währungsunion zu beurteilen....