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Exchange rate volatility and international trade

Author

Listed:
  • Lal, Madan
  • Kumar, Satish
  • Pandey, Dharen Kumar
  • Rai, Varun Kumar
  • Lim, Weng Marc

Abstract

As the volatility of exchange rates significantly influences international trade, understanding their complex interplay is paramount. In the face of a burgeoning body of knowledge that lacks a comprehensive and up-to-date review, this study employs performance analysis and science mapping to discern publication and citation trends, identify major contributors, and delineate key themes in the domain of exchange rate volatility and international trade. The exploration reveals a nuanced relationship where exchange rate volatility impacts varied exporters, sectors, and regions differently. The investigation also underscores the growing significance of firm-level analysis in international business and economics, highlighting a shift towards exploring how firms respond to and navigate through exchange rate fluctuations. The research also finds an imperative for robust risk management strategies to mitigate the repercussions of exchange rate volatility, alongside policy interventions tailored to account for these varied impacts. Consequently, the study fills existing knowledge gaps and proposes future research avenues, emphasizing the necessity of a global and collaborative approach to unravelling intricate relationships while providing a valuable resource for scholars, practitioners, and policymakers in the realm of exchange rate volatility and international trade.

Suggested Citation

  • Lal, Madan & Kumar, Satish & Pandey, Dharen Kumar & Rai, Varun Kumar & Lim, Weng Marc, 2023. "Exchange rate volatility and international trade," Journal of Business Research, Elsevier, vol. 167(C).
    • Handle: RePEc:eee:jbrese:v:167:y:2023:i:c:s0148296323005155
    DOI: 10.1016/j.jbusres.2023.114156
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