The Effects of Exchange Rate Changes on The External Trade Balance
The Effects of Exchange Rate Changes on The External Trade Balance
Author(s): İsmet Göçer, Mehmet Mercan, Osman PekerSubject(s): Developing nations, Policy, planning, forecast and speculation, Financial Markets, Fiscal Politics / Budgeting
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: exchange rates; trade balance; J-curve; Marshall-Lerner condition; panel cointegration;
Summary/Abstract: The transition process to the market economy and globalization which has begun in 1980’s and has accelerated in 1990’s have made the economies more dependent to each other and more sensitive to the external events. The relationships between the foreign exchange policies and the external trade performance of countries have become a common subject of research (Hook, Boon, 2000). The knowledge about the effects of the changes in foreign exchange rates on external trade performance is very important to determine the foreign exchange policies for the developing countries (Taylor, Sarno, 1998).
Journal: Ekonomista
- Issue Year: 2013
- Issue No: 2
- Page Range: 247-258
- Page Count: 12
- Language: English
