The Impact of Exchange Rate Volatility on International Trade Flows
综述了汇率波动对贸易流量影响的理论与实证文献,旨在识别关键争议点并探讨是否可能达成共识,适合关注汇率与贸易关系的学者快速了解研究现状。
Despite the best efforts of economists, a basic paradox as to the impact of exchange rate volatility on trade flows remains unresolved at both the theoretical and empirical level. This paper surveys the vast literature in the area in an attempt to identify major issues which have contributed to the development of the debate and examine whether any general direction for consensus may be found.