The Impact of the Exchange Rate Regime on Exports

• 영문명: The Impact of the Exchange Rate Regime on Exports: Evidence from Bilateral Exports in the European Monetary System
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Kyriacos Aristotelous Stilianos Fountas
• 간행물 정보: 『Journal of Economic Integration』제15권 제3호, 506~526쪽, 전체 21쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2000.09.30

영문 초록

In this paper, we investigated the impact of the creation of the European Monetary System (EMS) on the exports of the four largest EU countries (France, Germany, Italy and UK) to each other. Our findings suggest that the EMS boosted bilateral trade in the cases of Germany s exports to Italy and Italy s exports to the UK and influenced negatively the volume of exports between France and Germany. The EMS had no significant impact on export volumes in the rest of bilateral trade relationships examined. Additionally, we found that exchange rate volatility more often than not had an insignificant effect on the volume of intra-EU exports.

목차

Ⅰ.Introduction

Ⅱ.Theoretical Background and Literature

Ⅲ.Econometric Methodology

Ⅳ.Data and Results

Ⅴ.Summary and Conclusions

키워드

Exchange Rate Regime Exchange Rate Variability EMS