文章基本信息

标题：Exchange Rate Risk and Uncertainty and Trade Flows: Asymmetric Evidence from Asia
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作者：Bahmani-Oskooee, Mohsen ; Akhtar, Parveen ; Ullah, Sana 等
期刊名称：Journal of Risk and Financial Management
印刷版ISSN：1911-8074
出版年度：2020
卷号：13
期号：6
页码：1-16
DOI：10.3390/jrfm13060128
语种：English
出版社：MDPI, Open Access Journal
摘要：Very recently, the link between exchange rate volatility and trade flows has entered intoa new direction in which researchers assess the possibility of asymmetric response of trade flowsto a measure of exchange rate uncertainty. We add to this literature by estimating a linear and anonlinear ARDL model to learn about the experiences of Asian countries, i.e., Pakistan, Japan, China,Korea, Singapore, Malaysia, the Philippines, and India. Like other studies in the literature, nonlinearmodels yielded relatively more significant results. In some cases, while the linear models showed nosignificant effects of exchange rate volatility on trade flows, the nonlinear models revealed significanteffects. In some other cases, the opposite was true.
关键词：exchange rate volatility; trade flows; asymmetry effects; Asia