Exchange Rate Volatility and Foreign Trade: The Case for Cyprus and Croatia
| Autor: | Dimitrios Serenis, Nicholas Tsounis |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
business.industry
General Engineering Energy Engineering and Power Technology International trade Volatility risk premium Standard deviation Exchange Rate Volatility Exchange rate Exports Moving average Volatility swap Exchange rate volatility Economics sectoral exports E.U Volatility (finance) business |
| Zdroj: | Procedia Economics and Finance. 5:677-685 |
| ISSN: | 2212-5671 |
| DOI: | 10.1016/s2212-5671(13)00079-8 |
| Popis: | This paper examines the effect of exchange rate volatility for a set of two countries, Croatia and Cyprus on sectoral exports during the period of 1990: q1-2012:q1. It is claimed by some researchers that exchange rate volatility causes a reduction on the overall level of trade. Empirical researchers often utilize the standard deviation of the moving average of the logarithm of the exchange rate as a measure of exchange rate fluctuation. In this study we propose a new measure for volatility. Overall our results have suggested significant negative effects from volatility on exports for one country in our sample. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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