A New Look at Exchange Rate Volatility and Trade Flows

By P. Clark, Shang-jin Wei, Natalia T. Tamirisa, Azim M Sadikov, L. Zeng. 2004

268 citations recorded by the source corpus.

Subfields: Finance

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Exchange Rate Volatility and Exports: New Empirical Evidence from the Emerging East Asian Economies (2010, methodology): “Clark et al. (2004) find a negative and significant impact of exchange rate volatility on trade in their benchmark results; a one standard deviation increase in exchange rate volatility would reduce trade by 7 per cent.5 Recently, Tenreyro (2007) reports a small negative effect; reducing exchange…”
The Effect of Exchange Rate Volatility on International Trade in East Asia (2008, methodology): “By following Clark et al. (2004), the former is the conditional volatilities of the exchange rates estimated using a GARCH (1,1), and the underlying equation for the model is an ARIMA (0,1,0) process of the log of real exchange rates.”
Exchange Rate Volatility and Productivity Growth: The Role of Financial Development (2009, unknown): “[17] Clark, P.”
US trade and exchange rate volatility: a real sectoral bilateral analysis (2008, methodology): “As mentioned above, researchers have used as a proxy the US CPI as a deflator for all trade, irrespective of source or destination (as in Clark et al., 2004).”