Exchange Rate Uncertainty and Optimal Participation in International Trade

Exchange Rate Uncertainty and Optimal Participation in International Trade

Instead of just focusing on the effect of exchange rate levels (undervalued or overvalued exchange rates) on trade, this paper provides an analysis of the effects of exchange rate volatility levels on international trade. Intuitively, an increase i...

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Bibliographic Details
Main Author: Mundaca, Gabriela
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
BILATERAL TRADE
CURRENCY UNIONS
DERIVATIVES
DERIVATIVES MARKETS
DOMESTIC CURRENCY
DOMESTIC MARKET
ECONOMIC GROWTH
EQUILIBRIUM
EQUILIBRIUM LEVEL
EXCHANGE RATE
EXCHANGE RATE BAND
EXCHANGE RATE INSTABILITY
EXCHANGE RATE LEVEL
EXCHANGE RATE LEVELS
EXCHANGE RATE REGIMES
EXCHANGE RATE RISK
EXCHANGE RATE UNCERTAINTY
EXCHANGE RATE VARIABILITY
EXCHANGE RATE VOLATILITY
EXCHANGE RATES
EXCHANGE RISK
EXPORT MARKET
EXPORT SECTOR
EXPORTER
EXPORTERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
FIXED COST
FLEXIBLE EXCHANGE RATES
FOREIGN MARKET
FOREIGN MARKETS
IMPORT
IMPORTING COUNTRY
INCOME
INDEPENDENT MONETARY POLICY
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
INTERNATIONAL MARKETS
INTERNATIONAL MONETARY SYSTEM
INTERNATIONAL TRADE
INVESTMENT DECISION
MARKET DEVELOPMENT
MONETARY POLICY
NOMINAL EXCHANGE RATE
OPTION VALUE
POLICY RESEARCH
POLITICAL ECONOMY
RANDOM WALK
REGIME OF TARGET ZONES
RELATIVE PRICES
RETURN
RETURNS
RISK AVERSION
RISK PREMIUM
TRADE FLOWS
TRADE IMPACT
TRADING
VARIABLE COSTS
VOLATILITY
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110316112823
http://hdl.handle.net/10986/3359

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110316112823
http://hdl.handle.net/10986/3359

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