Exchange market pressure, trade, sovereign credit ratings, and U.S. exports in banking services
As a leader in providing banking services in the global market, it is important to understand the variables that influence U.S. exports in banking services. This paper examines the influence that trade, sovereign credit ratings, and exchange market pressure have on U.S. exports of banking services. The empirical evidence indicates that higher trade activity and a higher sovereign credit rating reduce U.S. exports of banking services. The results also suggest that exchange market pressure positively affects U.S. exports of banking services. Tests for individual and random effects across units suggest most of the variation in the estimators is within units. Copyright International Atlantic Economic Society 2001
Volume (Year): 29 (2001)
Issue (Month): 1 (March)
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