Exchange Rate Risk and U.S. Agricultural Trade Flows
分析汇率风险对美国农产品出口的影响，发现对七个发达国家影响不显著，但对三个发展中国家有负面影响，强调发展中国家汇率风险的重要性。
Abstract This paper analyzes the effect of exchange rate risk on U.S. agricultural trade flows. A model which incorporates exchange rate risk is applied to ten countries. While exchange rate risk was not significant in the seven developed markets, results indicate that the exchange rate variable adversely affected U.S. agricultural exports to the three developing countries used in the analysis. These findings underscore the importance of exchange rate risk in developing countries trading behavior. Issues such as establishment of well‐developed financial and commodity markets in developing countries must be addressed in future research.