Exchange Rate Regimes, Foreign Exchange Volatility and Export Performance in Central and Eastern Europe: Just Another Blur Project?

Balázs Égert and Amalia Morales-Zumaquero ()

No wp782, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: This paper attempts to analyze the direct impact of exchange rate volatility on the export performance of ten Central and Eastern European transition economies as well as its indirect impact via changes in exchange rate regimes. Not only aggregate but also bilateral and sectoral export ows are studied. To this end, we rst analyze shifts in exchange rate volatility linked to changes in the exchange rate regimes and second, use these changes to construct dummy variables we include in our export function. The results suggest that the size and the direction of the impact of forex volatility and of regime changes on exports vary considerably across sectors and countries and that they may be related to specic periods.

Keywords: exchange rate volatility; export; trade; transition; structural breaks (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Pages: pages
Date: 2005-07-01
New Economics Papers: this item is included in nep-cba, nep-eec, nep-fmk, nep-ifn and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Exchange Rate Regimes, Foreign Exchange Volatility, and Export Performance in Central and Eastern Europe: Just another Blur Project? (2008)
Working Paper: Exchange rate regimes, foreign exchange volatility and export performance in Central and Eastern Europe: just another blur project? (2005)
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