TY  - BOOK
AU  - Clark,Peter B.
AU  - Sadikov,Azim M.
AU  - Tamirisa,Natalia T.
AU  - Wei,Shang-Jin
AU  - Zeng,Li
TI  - A New Look at Exchange Rate Volatility and Trade Flows
T2  - Occasional Papers; Occasional Paper
SN  - 1589063589 :
SN  - 0251-6365
PY  - 2004///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bilateral Trade
KW  - imf
KW  - Exchange Rate Volatility
KW  - Exchange Rate
KW  - Real Exchange Rate
KW  - Canada
KW  - Congo, Democratic Republic of the
KW  - Iran, Islamic Republic of
KW  - Japan
KW  - United Kingdom
N2  - The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s and increasing cross-border capital flows, may have exacerbated exchange rate volatility, while others, such as a deepening of the market in foreign exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new developments and examining their effects on developing and transition economies, as well as on developed countries
UR  - http://elibrary.imf.org/view/IMF084/00077-9781589063587/00077-9781589063587/00077-9781589063587.xml
UR  - http://www.imfbookstore.org/IMFORG/9781589063587
ER  -