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.
|Number of pages||37|
|Journal||Journal of Economic Surveys|
|Publication status||Published - 1999|
- Exchange rate volatility
- International trade