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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

746-753

Název nakladatele

Silesian University

Místo vydání

Karviná

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200078