Bilateral exports from Euro Zone countries to the US: Does exchange rate variability play a role?
AbstractThe financial crisis and the debt crisis in Europe lead to pronounced swings of the $/-exchange rate. The influence of this exchange rate uncertainty on exports is neither theoretically nor empirically unambiguous. Therefore, this investigation tries to find out what effect exchange rate volatility has got on exports from eleven euro zone countries to the US. Our results suggest that if exchange rate volatility exerts a significant influence on exports, it is typically negative. Furthermore, exports of SITC categories 6 and 7 seem to be affected negatively most often. --
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Bibliographic InfoPaper provided by University of Goettingen, Department of Economics in its series Center for European, Governance and Economic Development Research Discussion Papers with number 121.
Date of creation: 2011
Date of revision:
bilateral exports; euro zone countries; exchange rate variability; ARDL bounds testing approach;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
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