Trade Costs and Real Exchange Rate Volatility : : The Role of Ricardian Comparative Advantage
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| Titolo: |
Trade Costs and Real Exchange Rate Volatility : : The Role of Ricardian Comparative Advantage
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2005 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (44 p.) |
| Soggetto topico: | Foreign exchange rates - Econometric models |
| Comparative advantage (International trade) - Econometric models | |
| Currency | |
| Deflation | |
| Exchange rate arrangements | |
| Exchange rates | |
| Exports and Imports | |
| Foreign Exchange | |
| Foreign exchange | |
| Inflation | |
| International economics | |
| International Finance: General | |
| International Trade Organizations | |
| International trade | |
| Macroeconomic Aspects of International Trade and Finance: General | |
| Macroeconomics | |
| Plurilateral trade | |
| Price indexes | |
| Price Level | |
| Real exchange rates | |
| Trade Policy | |
| Note generali: | "January 2005." |
| Nota di bibliografia: | Includes bibliographical references (p. 41-43). |
| Nota di contenuto: | ""Trade Costs and Real Exchange Rate Volatility: The Role of Ricardian Comparative Advantage""; ""Contents""; ""I. INTRODUCTION""; ""II. MULTI-COUNTRY MODEL""; ""III. EXAMPLE""; ""IV. EMPIRICAL EVIDENCE""; ""V. CONCLUSION""; ""APPENDIX MULTI-COUNTRY REAL EXCHANGE RATE VOLATILITY""; ""REFERENCES"" |
| Sommario/riassunto: | This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi-country Ricardian model of trade, based on the work of Eaton and Kortum (2002), into a macroeconomic model to show how bilateral real exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new channel, in which the similarity of a pair of countries' set of suppliers of traded goods affects bilateral exchange rate volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong evidence supporting the channel. |
| Titolo autorizzato: | Trade Costs and Real Exchange Rate Volatility |
| ISBN: | 1-4623-6800-X |
| 1-4527-6934-6 | |
| 1-282-10856-5 | |
| 1-4519-0560-2 | |
| 9786613801913 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910819869503321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2005/005