Dynamic Links Between Unexpected Exchange Rate Variation, Prices, and International Trade |
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| Authors: | Chongcheul Cheong Tesfa Mehari Leighton Vaughan Williams |
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| Institution: | (1) School of Economics and Trade, Kyungpook National University, South Korea;(2) Nottingham Business School, Nottingham Trent University, UK;(3) Nottingham Business School, Nottingham Trent University, UK |
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| Abstract: | This paper investigates dynamic interrelations between exchange rate uncertainty, international trade, and trading competitiveness
in prices, using UK data. The empirical results derived from vector autoregressive (VAR) models show that a shock to exchange
rate volatility negatively affects trade volumes, and such negative effects are greater than the effects on trade price levels.
JEL Classification Numbers: F14, F31, F41 |
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| Keywords: | exchange rate volatility import/export prices trade volumes |
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