This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries. Fixed-effects regressions are estimated for 87 countries on annual data from 1994 to 2010. The trade balance improves significantly after a real depreciation, and to a similar...

Real Exchange rate is an important player in the growth of the economy as it may lead to higher export by stabilizing currency value at any specific level. This study aims to analyze the determinants of real exchange rate in Pakistan. Time series data is collected from 1972 - 73 to 2012 - 13....

This paper analyzes the macroeconomic adjustment in commodity-exporting countries to commodity price shocks. First, I estimate a heterogenous panel SVAR using data from 22 commodity-exporting economies spanning the period 1980-2017. I find that commodity terms of trade shocks are an important...