Non-linear effect of exchange rate volatility on exports: the role of financial sector development in emerging East Asian economies.
Chit, Myint Moe and Judge, Amrit P. (2010) Non-linear effect of exchange rate volatility on exports: the role of financial sector development in emerging East Asian economies. International Review of Applied Economics, 25 (1). pp. 107-119. ISSN 0269-2171
Full text is not in this repository.
This item is available in the Library Catalogue
This paper empirically examines the role of financial sector development in influencing the impact of exchange rate volatility on the exports of five emerging East Asian countries – China, Indonesia, Malaysia, the Philippines and Thailand – using a GMM-IV estimation method. The results indicate that the effect of exchange rate volatility on exports is conditional on the level of financial sector development. The less financially developed an economy the more its exports are adversely affected by exchange rate volatility. In addition, a stable exchange rate seems to be a necessary condition to achieve export promotion via a currency depreciation in these economies.
|Research Areas:||A. > Business School > Economics|
|Deposited On:||18 Feb 2010 13:45|
|Last Modified:||04 Mar 2015 14:31|
Repository staff only: item control page
Full text downloads (NB count will be zero if no full text documents are attached to the record)
Downloads per month over the past year