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Does the Exchange Rate Regime Affect Export Volumes? Evidence from Bilateral Exports in the US-UK trade: 1900-1998

Fountas, Stilianos
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Identifiers
http://hdl.handle.net/10379/1174
https://doi.org/10.13025/23045
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Publication Date
2000
Keywords
Economics, Exchange rate regime, Exchange rate variability, Trade volume
Type
Working Paper
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Fountas S. & Kyriacos A. (2000) "Does the Exchange Rate Regime Affect Export Volumes? Evidence from Bilateral Exports in the US-UK trade: 1900-1998" (Working Paper No. 0043) Department of Economics, National University of Ireland, Galway.
Abstract
By utilizing the techniques of multivariate cointegration and error correction models, we investigate the impact of the different exchange-rate regimes that spanned the 20th century on the bilateral exports between the UK and the US over the last 98 years. Our results support two conclusions. First, fixed exchange-rate regimes and managed float exchange-rate regimes are equally conducive to trade. Second, freely floating exchange-rate regimes are more conducive to trade than fixed exchange-rate regimes.
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Publisher
National University of Ireland, Galway
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Economics (Working Papers)