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Back Matter

Back Matter »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

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 a...

Front Matter

Front Matter »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

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 a...

Appendix: Determining Whether Countries with Stable Exchange Rates and a Common Currency Trade More

Appendix: Determining Whether Countries with Stable Exchange Rates and a Common Currency Trade More »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

While there is some evidence of a negative effect of exchange rate volatility on trade, it is not robust to variations in specification. This is true both for aggreg...

Deviations of Exchange Rates from Purchasing Power Parity

Deviations of Exchange Rates from Purchasing Power Parity »

Source: Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions

Volume/Issue: 1998/69

Series: IMF Working Papers

Author(s): Ronald MacDonald , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451960846

Keywords: Exchange rates, stationarity, real exchange rates, exchange rate, real exchange rate, international financial

We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Striking...

I Overview

I Overview »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

In 1984 the IMF produced a study for the General Agreement on Tariffs and Trade (GATT) on the impact of exchange rate volatility on world trade. That study was motivated by an increase in protec...

II A Brief Review of the Theoretical and Empirical Literature

II A Brief Review of the Theoretical and Empirical Literature »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

Since the appearance of the 1984 IMF study on the effects of exchange rate volatility on trade, two survey papers covering the literature on this topic have appeared, Côté (1994) and McKenzie (1...

III Recent History and Geography of Exchange Rate Volatility

III Recent History and Geography of Exchange Rate Volatility »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

Measuring Exchange Rate Volatility In the voluminous literature on exchange rate volatility and trade, there is no consensus on the appropriate method for measuring such volatility....

Deviations of Exchange Rates from Purchasing Power Parity
			: A Story Featuring Two Monetary Unions

Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions »

Volume/Issue: 1998/69

Series: IMF Working Papers

Author(s): Ronald MacDonald , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

DOI: http://dx.doi.org/10.5089/9781451960846.001

ISBN: 9781451960846

Keywords: Exchange rates, stationarity, real exchange rates, exchange rate, real exchange rate, international financial

We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Striking...

Intervention, Interest Rates, and Charts
			: Three Essays in International Finance

Intervention, Interest Rates, and Charts : Three Essays in International Finance »

Volume/Issue: 1991/106

Series: IMF Working Papers

Author(s): Mark Taylor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1991

DOI: http://dx.doi.org/10.5089/9781451947038.001

ISBN: 9781451947038

Keywords: foreign exchange, exchange rate, exchange rates, foreign exchange market, financial markets

This paper contains essays on sterilized intervention, on covered interest rate parity, and on chartist analysis in financial markets. Each essay contains a definition, brief survey of the empirical evidence and ov...

Intervention, Interest Rates, and Charts

Intervention, Interest Rates, and Charts »

Source: Intervention, Interest Rates, and Charts : Three Essays in International Finance

Volume/Issue: 1991/106

Series: IMF Working Papers

Author(s): Mark Taylor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1991

ISBN: 9781451947038

Keywords: foreign exchange, exchange rate, exchange rates, foreign exchange market, financial markets

This paper contains essays on sterilized intervention, on covered interest rate parity, and on chartist analysis in financial markets. Each essay contains a definition, brief survey of the empirical evidence and ov...