publication . Preprint . 2005

An Examination of the Impacts of Exchange Rate Volatility on Sectoral Trade in the Mercosur

Larson, Donald W.; Bittencourt, Maurício Vaz Lobo; Thompson, Stanley R.;
Open Access
  • Published: 01 Jan 2005
Abstract
This study captures the lack of macroeconomic policy coordination among Mercosur countries, through the impact of real bilateral exchange rate volatility on trade. A sectoral gravity model is estimated under two different measures of exchange rate volatility. Results show that the reduction in exchange rate volatility can increase bilateral trade.
Subjects
free text keywords: International Relations/Trade,

Lanyi, A. and E. Suss. Exchange rate variability: alternative measures and interpretation. IMF Staff Papers 29, 1982, 527-60. [OpenAIRE]

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