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The relationship between exchange-rate volatility and aggregate export volumes for 12 industrial economies is examined … estimation period 1977:1-2003:4 using three measures of volatility. In contrast to recent studies employing panel data, we do not … find a single instance in which volatility has a negative and significant impact on trade …
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This paper reviews three different concepts of equilibrium exchange rates that are widely used in policy analysis and constitute the backbone of the IMF CGER assessment: the Macroeconomic Balance, the External Sustainability and the reduced form approaches. We raise a number of econometric...
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This paper contributes to the debate on exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging market economies. Specifically, we report for each of these countries the elasticity of trade prices and trade quantities on the export and on the...
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Global production linkages alleviate the effect of exchange rates on firm exports. Choi and Kim (2018) explore whether global production linkage through foreign ownership and foreign subsidiaries contributes to weakening the effectiveness of changes in exchange rates on firm exports. Choi and...
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