Exchange Rates and Trade

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  • Exchange Rates and Trade Book Detail

  • Author : Mr.Daniel Leigh
  • Release Date : 2017-03-15
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 52
  • ISBN 13 : 147558749X
  • File Size : 33,33 MB

Exchange Rates and Trade by Mr.Daniel Leigh PDF Summary

Book Description: 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 time. Economic slack and financial conditions affect the relationship, but there is limited evidence that participation in global value chains has significantly changed the exchange rate–trade relationship over time.

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Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.�