Does Exchange Rate Variation Effect African Trade Flows?

Dimitrios Serenis, N. Tsounis

Research output: Contribution to journalArticle

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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 languageEnglish
Pages (from-to)565-574
JournalProcedia Economics and Finance
Volume14
DOIs
Publication statusPublished - 6 Nov 2014

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Exchange rate volatility
Exchange rates
Trade flows
Africa
Standard deviation
Malawi
Fluctuations
African countries
Exchange rate fluctuations
South Africa
Moving average
Morocco

Bibliographical note

The full text is also available from: http://dx.doi.org/10.1016/S2212-5671(14)00757-6
Under a Creative Commons license

Keywords

  • Exports
  • sectoral exports
  • E.U.
  • Exchange Rate Volatility

Cite this

Does Exchange Rate Variation Effect African Trade Flows? / Serenis, Dimitrios; Tsounis, N.

In: Procedia Economics and Finance, Vol. 14, 06.11.2014, p. 565-574.

Research output: Contribution to journalArticle

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