Exchange rate volatility and international trade

被引：83

作者：

Broll, U

Eckwert, B

机构：

[1] Univ Bonn, Dept Econ, D-53113 Bonn, Germany

[2] Univ Chemnitz, Dept Econ, D-09107 Chemnitz, Germany

来源：

SOUTHERN ECONOMIC JOURNAL | 1999年 / 66卷 / 01期

关键词：

D O I：

10.2307/1060843

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this note is to show that a positive effect of exchange rate volatility on export production has a theoretical basis. The key to this claim is that, as the exchange rate volatility increases, so does the value of the real option to export to the world market. Higher volatility increases the potential gains from trade. This may explain part of the mixed empirical findings regarding the effects of exchange rate risk on international trade.

引用

收藏

页码：178 / 185

页数：8

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