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.

引用

页码：152 / 155

页数：4

共 50 条

[41] Bilateral and Third-Country Exchange Rate Effects on Multinational Activity
Egger, Hartmut
Egger, Peter
Ryan, Michael
REVIEW OF INTERNATIONAL ECONOMICS, 2010, 18 (05) : 1012 - 1027
[42] Country risk, stock prices, and the exchange rate of the renminbi
Umar, Muhammad
Sun, Gang
JOURNAL OF FINANCIAL ECONOMIC POLICY, 2015, 7 (04) : 366 - 376
[43] Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies
Aizenman, Joshua
Edwards, Sebastian
Riera-Crichton, Daniel
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2012, 31 (08) : 1990 - 2016
[44] Third-country exchange rate volatility and Japanese-US trade: evidence from industry-level data
Bahmani-Oskooee, Mohsen
Hegerty, Scott W.
Xi, Dan
APPLIED ECONOMICS, 2016, 48 (16) : 1452 - 1462
[45] Exchange rate volatility and international trade: International evidence from the MINT countries
Asteriou, Dimitrios
Masatci, Kaan
Pilbeam, Keith
ECONOMIC MODELLING, 2016, 58 : 133 - 140
[46] EXCHANGE-RATE VARIABILITY AND THE FLOW OF INTERNATIONAL-TRADE
CAPORALE, T
DOROODIAN, K
ECONOMICS LETTERS, 1994, 46 (01) : 49 - 54
[47] Exchange rate overshooting and path-dependence in international trade
Borgersen, Trond-Arne
Goecke, Matthias
MACROECONOMIC DYNAMICS, 2007, 11 (03) : 295 - 317
[48] Effects of Exchange Rate on Value-Added International Trade
Choi, Myoung Shik
PROCEEDINGS OF THE 10TH INTERNATIONAL RAIS CONFERENCE ON SOCIAL SCIENCES AND HUMANITIES (RAIS 2018), 2018, 211 : 54 - 59
[49] INTERNATIONAL TRADE AND EXCHANGE RATE REGIMES IN NEW EU COUNTRIES
Bogdan, Zeljko
8TH INTERNATIONAL SCIENTIFIC SYMPOSIUM ECONOMY OF EASTERN CROATIA - VISION AND GROWTH, 2019, : 30 - 50
[50] Exchange Rate Misalignments and International Trade Policy: Impacts on Tariffs
Thorstensen, Vera
Marcal, Emerson
Ferraz, Lucas
JOURNAL OF WORLD TRADE, 2012, 46 (03) : 597 - 634

← 1 2 3 4 5 →