Trade Openness and Volatility
β Scribed by Andrei A. Levchenko; Julian di Giovanni
- Publisher
- International Monetary Fund
- Year
- 2008
- Tongue
- English
- Leaves
- 62
- Series
- IMF Working Papers
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is accompanied by increased specialization. Third, sectors that are more open are less correlated with the rest of the economy. The point estimates indicate that each of the three effects has an appreciable impact on aggregate volatility. Added together they imply that the relationship between trade openness and overall volatility is positive and economically significant.
β¦ Subjects
International trade -- Econometric models. ; Financial crises -- Econometric models. ; Industrial productivity -- Econometric models.
π SIMILAR VOLUMES
This publication aims to fill the void between books providing an introduction to derivatives, and advanced books whose target audience are members of quantitative modelling community. <br> In order to appeal to the widest audience, this publication tries to assume the least amount of prior know
Option pricing -- Volatility measurement -- Stylized facts about returns and volatility -- Volatility forecasting -- Implied volatility dynamics -- Hedging -- Distribution of hedged option positions -- Money management -- Trade evaluation -- Psychology -- Generating returns through volatility -- The
<b>The Ultimate Beginner's Guide To Trading With Volatility And The Volatility Index (VIX)</b> <br /> <br />This book is the ultimate beginnerβs guide to trading with volatility and the Volatility Index (VIX). <br /> <br />In this book, you'll discover what volatility is and how it works, and yo