Artikel
The Effects of Exchange Rate Change on the Trade Balance of Slovakia
This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. For the purpose of this paper, aggregated and disaggregated approaches are used. This paper investigates J-curve phenomenon using quarterly time series data over the period 1997:1 to 2013:4. The results provide evidence that the classical J-curve effect does not exist in Slovakia on the aggregated level. Instead, currency depreciation (increase in real effective exchange rate) is accompanied only by positive change in trade balance with no deterioration under initial value. On the bilateral level, there exists J- curve in trade with Hungary.
- Sprache
-
Englisch
- Erschienen in
-
Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 9 ; Year: 2014 ; Issue: 3 ; Pages: 50-66 ; Prague: University of Economics, Faculty of Finance and Accounting
- Klassifikation
-
Management
Trade: General
Empirical Studies of Trade
Foreign Exchange
- Thema
-
Trade balance
J-curve
International trade
Exchange rate
Cointegration
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Šimáková, Jana
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Economics, Faculty of Finance and Accounting
- (wo)
-
Prague
- (wann)
-
2014
- DOI
-
doi:10.18267/j.efaj.124
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Šimáková, Jana
- University of Economics, Faculty of Finance and Accounting
Entstanden
- 2014
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