The Effect of Exchange Rate Volatility on Trade in Durables
β Scribed by Jaewoo Lee
- Book ID
- 108534467
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 137 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0965-7576
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract We argue that a transaction tax is likely to amplify, not dampen, volatility in foreign exchange markets. Our argument stems from the decentralized trading practice and the presumable discrepancy between βinformedβ and βuninformedβ traders' valuations. Given that the informed valuations
Existing empirical evidence on the effect of exchange rate uncertainty on trade is generally conflicting and inconclusive+ While some studies found a positive relationship between exchange rate volatility and trade, others argue for the opposite+ Furthermore, the vast majority of past studies only f