The impact of exchange rate volatility on international trade flows

Michael D. McKenzie

Research output: Contribution to journalArticle

233 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)70-106
Number of pages37
JournalJournal of Economic Surveys
Volume13
Issue number1
Publication statusPublished - 1999

Keywords

  • Exchange rate volatility
  • International trade

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