Purpose–Since the last review article by McKenzie, the literature has experienced a surge in
the number of empirical articles. These new contributions, coupled with those that were …

Despite the best efforts of economists, a basic paradox as to the impact of exchange rate
volatility on trade flows remains unresolved at both the theoretical and empirical level. This …

This paper reviews the literature dealing with the effects of exchange rate volatility on trade.
The overall evidence is best characterized as mixed as the results are sensitive to the …

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-
7 countries. Over the past two decades, many developments in the world economy, such as …

Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange
rate levels. The impact of exchange rate levels on trade has been much debated but the …

EXCHANGE RATE VOLATILITY AND TRADE Page 1 Bank of Canada Banque du Canada
Working Paper 94-5 / Document de travail 94-5 EXCHANGE RATE VOLATILITY AND …

This study uses a large panel of industrialized and developing countries to investigate the
link between exchange rate volatility and exports. Although the empirical literature on this …

In this paper, we study a sample of twelve African countries to examine the impact of the real
exchange-rate volatility on their trade flows. In order to distinguish the distinct impact of the …

What is the effect of nominal exchange rate variability on trade? I argue that the methods
conventionally used to answer this perennial question are plagued by a variety of sources of …

The effect of exchange rate volatility on trade is a controversial issue in international
economics. Despite a widespread view that an increase in exchange rates volatility reduces …