Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010988" target="_blank" >RIV/47813059:19520/17:00010988 - 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

Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data

Popis výsledku v původním jazyce

Previous studies of the effects of exchange rate changes on Czechia's trade balance have assumed exchange rate changes to have symmetric effects on the trade balance or assumed its linear adjustment. In this paper, we distinguish between the depreciation and appreciation to show that the effects at the industry level are in fact asymmetrical in most industries for Czechia's bilateral trade with its most important trading partners. Therefore, the aim of this paper is to evaluate the asymmetric effects of CZK/EUR exchange rate on the most important segment of Czechia´s foreign trade. The asymmetry cointegration approach, which introduces nonlinearity into the model specification, reveals a more significant impact of the exchange rate on commodity trade between Czechia and its most important trading partner than a more standard model that imposes symmetry.

Název v anglickém jazyce

Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data

Popis výsledku anglicky

Previous studies of the effects of exchange rate changes on Czechia's trade balance have assumed exchange rate changes to have symmetric effects on the trade balance or assumed its linear adjustment. In this paper, we distinguish between the depreciation and appreciation to show that the effects at the industry level are in fact asymmetrical in most industries for Czechia's bilateral trade with its most important trading partners. Therefore, the aim of this paper is to evaluate the asymmetric effects of CZK/EUR exchange rate on the most important segment of Czechia´s foreign trade. The asymmetry cointegration approach, which introduces nonlinearity into the model specification, reveals a more significant impact of the exchange rate on commodity trade between Czechia and its most important trading partner than a more standard model that imposes symmetry.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 9th International Conference of Currency, Banking and International Finance

ISBN

978-80-225-4362-0

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

247-254

Název nakladatele

Ekonóm

Místo vydání

Bratislava, Slovensko

Místo konání akce

Bratislava

Datum konání akce

20. 9. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000411851600032