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The existing literature, in both theoretical and empirical viewpoints, indicates that there is no consensus regarding the effects of exchange rate volatility on bilateral trade flows. It can show the different effects across countries and industries. This article examines impact of volatility of...
Persistent link: https://www.econbiz.de/10012952368
The effect of devaluations on economies is one of the most controversial macroeconomic policies in Sub-Saharan Africa (SSA), both theoretically and empirically. This study uses panel data from 1995-2013 for 17 SSA countries and 17 non-Euro OECD economies. The main conclusion is that exchange...
Persistent link: https://www.econbiz.de/10012955289
We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over...
Persistent link: https://www.econbiz.de/10012956490
in favor of a relationship among the exchange rate, export and import. Unlike previous studies on the relationship among … among exchange rate, exports and import, and the causality is not only linear but nonlinear as well. More importantly, they …
Persistent link: https://www.econbiz.de/10012956698
In this paper we investigate the different behaviors between new and continuing exporters in response to exchange rate shocks. We establish a dynamic model, in which new exporters strategically charge a lower price than continuing exporters in order to increase their current sales and accumulate...
Persistent link: https://www.econbiz.de/10012961811
Liquidity-constrained large shareholders often reallocate capital within business groups to finance their own projects, imposing credit constraints on other group members. Using microdata from Chinese customs, we study the impact of this negative externality on the transmission of exchange-rate...
Persistent link: https://www.econbiz.de/10012903508
The present study focuses on the impact of the euro/dollar fluctuations on the European manufacturing industries. It tries to classify European sectors according to the exposure to competition from the dollar zone and to their sensitivity to exchange rate fluctuations. Combining the results of...
Persistent link: https://www.econbiz.de/10012905199
international macroeconomics: why large movements in the exchange rate have modest effects on the aggregate variables such as import …
Persistent link: https://www.econbiz.de/10012906703
Export Volume of Pakistan. On otherside the Import is directly correlated with the volume of export, and positively impact … our Export, in the case of developing nation, the impact of import is also directly correlated with the volume of export … our Import account as it also effect our Export. Thus, our findings support the core idea …
Persistent link: https://www.econbiz.de/10012907624
China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to become more and more emotionally loaded rather than...
Persistent link: https://www.econbiz.de/10012899706