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Exchange Rates and Trade : A Disconnect? / Daniel Leigh, Weicheng Lian, Marcos Poplawski Ribeiro, Rachel Szymanski, Viktor Tsyrennikov, Hong Yang.
- Format:
- Book
- Government document
- Author/Creator:
- Leigh, Daniel.
- Series:
- IMF Working Papers; Working Paper ; No. 2017/058
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Foreign exchange rates.
- Commerce.
- Physical Description:
- 1 online resource (52 pages) : illustrations, tables, graphs.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2017.
- Summary:
- 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.
- Notes:
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed April 19, 2017).
- ISBN:
- 9781475587562
- 1475587562
- 9781475587579
- 1475587570
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