Cover Policy Papers
Exchange Rates and Trade Balance Adjustment in Emerging Market Economies
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
Policy Papers
Volume/Issue:
Volume 2006: Issue 059
Language:
English
Publication Date:
10 Oct 2006
DOI:
https://doi.org/10.5089/9781498332132.007
ISBN:
9781498332132
ISSN:
2663-3493
Pages:
44
Keywords:
PP; foreign currency; consumer price index; trade surplus; U.S. dollar; export price deflator; price elasticity; commodity exporter; import price; PPP terms; export volume; export deflator; Trade balance; Exchange rates; Exports; Depreciation; Currencies; Global
Download PDF (1 MB) Download Epub
The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and export values.
  • Collapse
  • Expand
Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2006: Issue 059