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Exchange rates, international trade, and growth : re-evaluation of undervaluation
Sokolova, Maria V. - 2017 - This version: November 2016
This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...
Persistent link: https://www.econbiz.de/10011615589
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Exchange rates, international trade and growth : re-evaluation of underevaluation
Sokolova, Maria V. - 2016 - This version: June 2016
This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...
Persistent link: https://www.econbiz.de/10011490957
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Local Manufacturing Hurt by Depreciations in a Theoretical Model Reflecting the Australian Experience
Selten, Reinhard - 2000
The model is motivated by data showing that the Australian production of local manufactures is hurt by depreciations and invigorated by appreciations. The paper briefly presents such evidence and then proceeds to a theoretical analysis. The model aims at capturing short-to-medium run exchange...
Persistent link: https://www.econbiz.de/10014182703
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Is the J-curve a reality in developing countries?
Hussain, Mohammed Ershad; Haque, Mahfuzul - 2014
We examine the relationship between trade balance and net export with both, the official and real effective exchange rates on the J-Curve hypothesis and find evidence to support in favor of the hypothesis, coming from a panel data of 49 developing countries from Africa. Countries can improve...
Persistent link: https://www.econbiz.de/10010462238
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Turkey's Evolving Trade Integration into Pan-European Markets
Kaminski, Bartlomiej; Ng, Francis - 2008
This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and pan … observations. First, thanks to steady expansion of trade in goods and services since the mid-1980s, Turkey has become highly … integrated into the world economy. Second, Turkey's export performance in 1996-2004 in EU markets bears strong similarities to …
Persistent link: https://www.econbiz.de/10014213271
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Market Shares in the Wake of the Global Crisis : The Quarterly Export Competitiveness Database
Gaulier, Guillaume - 2014
Over the past two decades, international trade has become a privileged engine of growth for much of the developing world. In the wake of the global crisis, countries must pay close attention to their positioning on the global map of trade and production and become aware of how they fare relative...
Persistent link: https://www.econbiz.de/10013061100
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Understanding the Great Trade Collapse of 2008-09 and the Subsequent Trade Recovery
Crowley, Meredith - 2011
This article documents the Great Trade Collapse of 2008-09, as well as the dramatic recovery in trade of 2009-10. The authors consider how three distinct policy actions - fiscal stimulus, funding for trade finance, and a commitment to refrain from increasing trade barriers - might have affected...
Persistent link: https://www.econbiz.de/10013124722
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Quality and the great trade collapse
Chen, Natalie; Juvenal, Luciana - 2015
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10011384454
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The Slowdown in Global Trade : A Symptom of a Weak Recovery
Aslam, Aqib - 2018
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
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Dissecting Thailand’s International Trade : Evidence from 88 Million Export and Import Entries
Apaitan, Tosapol - 2019
This paper uses transaction-level data from Thailand to study concentration, specialization, and fragility of export activities. The paper shows that although exports have been an integral part of the development strategy of the country for several decades, direct engagement in international...
Persistent link: https://www.econbiz.de/10012891252