On the trade impact of nominal exchange rate volatility

No 03-2, Working Papers from Federal Reserve Bank of Boston

Abstract: What is the effect of nominal exchange rate variability on trade? I argue that the methods conventionally used to answer this perennial question are plagued by a variety of sources of systematic bias. I propose a novel approach that simultaneously addresses all of these biases, and present new estimates from a broad sample of countries from 1970 to 1997. The answer to the question is: Not much.

Keywords: Foreign exchange rates; International trade (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-fin, nep-ifn and nep-rmg
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Journal Article: On the trade impact of nominal exchange rate volatility (2007)
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