DYNAMICS OF CZECHIA-EUROZONE TRADE RELATIONS: VALIDITY OF MARSHALL-LERNER CONDITION IN MANAGED FLOAT REGIME

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010710" target="_blank" >RIV/47813059:19520/16:00010710 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
DYNAMICS OF CZECHIA-EUROZONE TRADE RELATIONS: VALIDITY OF MARSHALL-LERNER CONDITION IN MANAGED FLOAT REGIME
Original language description
The interventions on CZK/EUR exchange rate have been adopted by the Czech National Bank as an unconventional monetary policy tool to avoid deflation or long-term undershooting of the inflation target. Czech koruna devaluated against the currency of Czechia's most important trading partners what has led to renewed interest in the question of how sensitive Czech export and import flows are with respect to exchange rate movements. The purpose of this paper is to evaluate the dynamics of CZK/EUR exchange rate effect on the most important segment of Czechia´s foreign trade represented by manufactured goods, miscellaneous manufactured articles, machinery and transport equipment with most important trading partners within the Eurozone. The cointegration procedure and vector error correction model were applied on the foreign trade data for the period 1999 - 2014. Results suggest significant effect of the exchange rate on the tested traded products in the long term.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 16th International Conference Economic Policy in the European Union Member Countries
ISBN
978-80-7510-210-2
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
746-753
Publisher name
Silesian University
Place of publication
Karviná
Event location
Petrovice u Karviné
Event date
Sep 14, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000403638200078

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