04091oam 22010934 450 991078823750332120230721045656.01-4623-1039-797866128408691-282-84086-X1-4518-6993-21-4519-9435-4(CKB)3170000000055032(SSID)ssj0001487353(PQKBManifestationID)11835635(PQKBTitleCode)TC0001487353(PQKBWorkID)11478364(PQKB)10424184(OCoLC)252094699(MiAaPQ)EBC1605814(IMF)WPIEE2008134(EXLCZ)99317000000005503220020129d2008 uf 0engurcnu||||||||txtccrTrade Sensitivity to Exchange Rates in the Context of Intra-Industry Trade /Yoko Oguro, Kyoji Fukao, Yougesh KhatriWashington, D.C. :International Monetary Fund,2008.1 online resource (22 pages) illustrations, tablesIMF Working PapersIMF working paper ;WP/08/134Bibliographic Level Mode of Issuance: Monograph1-4519-1446-6 Includes bibliographical references.This paper theoretically and empirically investigates export sensitivity to exchange rates in the context of intra-industry trade (IIT). It is assumed that more IIT implies a smaller elasticity of substitution among differentiated products and vice versa. The model presented suggests the gap in production costs between two countries has an influence on IIT as well. Industry-level pane regressions of thirty-eight trading pairs provide strong empirical support for the idea that the exchange rate sensitivity of exports declines in concert with the extent of ITT. An obvious policy implication is that the effectiveness of exchange rates in addressing trade imbalances will diminish as the extent of IIT increases.IMF Working Papers; Working Paper ;No. 2008/134International tradeForeign exchange ratesExports and ImportsimfForeign ExchangeimfMoney and Monetary PolicyimfTrade: GeneralimfEmpirical Studies of TradeimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfCurrencyimfForeign exchangeimfInternational economicsimfMonetary economicsimfExchange ratesimfExportsimfReal exchange ratesimfTrade balanceimfCurrenciesimfBalance of tradeimfMoneyimfChina, People's Republic ofimfInternational trade.Foreign exchange rates.Exports and ImportsForeign ExchangeMoney and Monetary PolicyTrade: GeneralEmpirical Studies of TradeMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsCurrencyForeign exchangeInternational economicsMonetary economicsExchange ratesExportsReal exchange ratesTrade balanceCurrenciesBalance of tradeMoney382Oguro Yoko1485206Fukao Kyoji1485207Khatri Yougesh120007DcWaIMFBOOK9910788237503321Trade Sensitivity to Exchange Rates in the Context of Intra-Industry Trade3704204UNINA