EXCHANGE RATE VOLATILITY AND TRADE: A LITERATURE ...
EXCHANGE RATE VOLATILITY AND TRADE: A LITERATURE ...
EXCHANGE RATE VOLATILITY AND TRADE: A LITERATURE ...
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Ozturk, I.<br />
Exchange Rate Volatility and Trade: A Literature Survey<br />
Koray and<br />
Lastpares (1989)<br />
1961-<br />
85M<br />
Mann (1989) 1977-<br />
87Q<br />
Peree and<br />
Steinherr (1989)<br />
Caballero and<br />
Corbo (1989)<br />
Lastrapes and<br />
Koray (1990)<br />
1960-<br />
85A<br />
stronger<br />
within EMS<br />
than outside<br />
EMS<br />
Real VAR Weak<br />
negative<br />
relationship<br />
Real OLS Few<br />
significant<br />
results<br />
Nominal OLS Negative<br />
effect<br />
-- Real OLS and IVE Significant<br />
and<br />
negative<br />
effect<br />
1975-<br />
87Q<br />
Medhora (1990) 1976-<br />
82A<br />
Asseery and Peel<br />
(1991)<br />
Bini – Smaghi<br />
(1991)<br />
Feenstra and<br />
Kendall (1991)<br />
Akhtar and Hilton<br />
(1991)<br />
1972-<br />
87Q<br />
1976-<br />
84Q<br />
1975-<br />
88Q<br />
1974-<br />
81Q<br />
Real VAR Weak<br />
relationship<br />
Nominal OLS Not<br />
significant<br />
and positive<br />
effect<br />
Real OLS - ECM Significant<br />
and positive<br />
except for<br />
UK<br />
Nominal OLS Significant<br />
and<br />
negative<br />
effect<br />
--- GARCH Negative<br />
effect<br />
Nominal OLS Not<br />
significant,<br />
mixed effect<br />
Kumar and 1974- Nominal OLS Not<br />
89
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