The relationship between exchange-rate volatility and aggregate export volumes for 12 industrial economies is examined using a model that includes real earnings of oil-producing as determinant industrial-country volumes. A supposition underlying the that, given their levels economic development, oil-exporters’ income elasticities demand exports might differ from those countries. Five estimation...

of ten Central and Eastern European transition economies as well as its indirect impact via changes in exchange rate regimes. Not only aggregate but also bilateral and sectoral export flows are studied. To this end, we first analyze shifts in exchange rate volatility linked to changes in the exchange rate regimes and second, use these changes to construct dummy variables we include in our expor...

We present an empirical investigation of the hypotheses that exchange rate uncertainty may have an impact on both the volume and variability of trade flows by considering a broad set of industrial countries’ bilateral real trade flows over the period 1980–1998. Similar to the findings of earlier theoretical and empirical research, our first set of results shows that the impact of exchange rate ...