Instead of just focusing on the effect of exchange rate levels (undervalued or overvalued exchange rates) on trade, this paper provides an analysis of the effects of exchange rate volatility levels on international trade. Intuitively, an increase in exchange rate volatility leads to uncertainty for agents participating in international trade, and such uncertainty might have a negative impact on international trade flows and participation, thereby...
更多显示
详细
-
2011/03/01
-
政策研究报告
-
WPS5593
-
1
-
1
-
2011/03/01
-
Disclosed
-
Exchange rate uncertainty and optimal participation in international trade
-
exchange rate