Exchange rate risk and international trade: The role of third country effect

被引：11
|
作者：
Tunc, Cengiz [1 ]
Solakoglu, M. Nihat [2 ]
Babuscu, Senol [3 ]
Hazar, Adalet [3 ]
机构：
[1] Toros Univ, Dept Econ, TR-33140 Yenisehir, Mersin, Turkey
[2] Cankaya Univ, Dept Banking & Finance, TR-06790 Etimesgut Ankara, Turkey
[3] Baskent Univ, Dept Banking & Finance, TR-06790 Ankara, Turkey
来源：
ECONOMICS LETTERS | 2018年 / 167卷
关键词：
Exchange rate volatility; International trade; Third-country effect;
D O I：
10.1016/j.econlet.2018.03.030
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using the recently launched Exporter Dynamics Database of the World Bank, this paper empirically investigates the role of external exchange rate risk (third-country effect) on trade flows between countries. We find a strong positive influence of external exchange rate risk on exports to a specific destination. However, the effect is more observable in advanced destination countries, countries with low bilateral exchange rate volatility in comparison to external exchange rate volatility, and countries in which export is concentrated among a small number of firms. (C)2018 Elsevier B.V. All rights reserved.
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页码：152 / 155
页数：4
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