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Exchange rates and trade : a disconnect? /
We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over time. Ec...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund,
2017.
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| Collection: | IMF working paper ;
WP/17/58. |
| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over time. Economic slack and financial conditions affect the relationship, but there is limited evidence that participation in global value chains has significantly changed the exchange rate-trade relationship over time. |
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| Description matérielle: | 1 online resource (52 pages) : illustrations, tables, graphs |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475587570 9781475587579 147558749X 9781475587494 |
| ISSN: | 1018-5941 1018-5941 ; |