The effect of exchange rate volatility on international trade in East Asia

Kazunobu Hayakawa, Fukunari Kimura

研究成果: Article査読

52 被引用数 (Scopus)

抄録

In this paper, we empirically investigate the relationship between exchange rate volatility and international trade, focusing on East Asia. Our findings are summarized as follows: first, intra-East Asian trade is discouraged by exchange rate volatility more seriously than trade in other regions. Second, one important source of the discouragement is that intermediate goods trade in international production networks, which is quite sensitive to exchange rate volatility compared with other types of trade, occupies a significant fraction of East Asian trade. Third, the negative effect of the volatility is greater than that of tariffs and smaller than that of distance-related costs in East Asia.

本文言語English
ページ(範囲)395-406
ページ数12
ジャーナルJournal of The Japanese and International Economies
23
4
DOI
出版ステータスPublished - 2009 12月

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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