Abstract
This paper examines the effect of exchange rate volatility for a set of three African countries: Malawi, Morocco and South Africa to aggregate exports during the period of 1973: q1-1990:q1. It is claimed by some researchers that exchange rate volatility causes a reduction on the overall level of trade. Empirical researchers often utilize the standard deviation of the moving average of the logarithm of the exchange rate as a measure of exchange rate fluctuation. In this study we propose a new measure for volatility. Overall our results have suggested significant negative effects from volatility on exports for all the countries in our sample when a measure of unexpected fluctuation was used.
Original language | English |
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Pages (from-to) | 565-574 |
Journal | Procedia Economics and Finance |
Volume | 14 |
DOIs | |
Publication status | Published - 6 Nov 2014 |
Bibliographical note
The full text is also available from: http://dx.doi.org/10.1016/S2212-5671(14)00757-6Under a Creative Commons license
Keywords
- Exports
- sectoral exports
- E.U.
- Exchange Rate Volatility