The Impact of Exchange Rate Volatility on International Trade Flows

Despite the best efforts of economists, a basic paradox as to the impact of exchange rate volatility on trade flows remains unresolved at both the theoretical and empirical level. This paper surveys the vast literature in the area in an attempt to identify major issues which have contributed to the...

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Bibliographic Details
Published in:Journal of economic surveys Vol. 13; no. 1; pp. 71 - 106
Main Author: McKenzie, Michael D.
Format: Journal Article
Language:English
Published: Oxford, UK and Boston, USA Blackwell Publishers Ltd 01-02-1999
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Summary:Despite the best efforts of economists, a basic paradox as to the impact of exchange rate volatility on trade flows remains unresolved at both the theoretical and empirical level. This paper surveys the vast literature in the area in an attempt to identify major issues which have contributed to the development of the debate and examine whether any general direction for consensus may be found.
Bibliography:ark:/67375/WNG-72HMVX4J-8
istex:20A877B944555751ED6DB9ADE2B3A678B85261F9
ArticleID:JOES075
ISSN:0950-0804
1467-6419
DOI:10.1111/1467-6419.00075