Does black market exchange rate volatility deter the trade flows? Iranian experience

被引:28
|
作者
Bahmani-Oskooee, M [1 ]
机构
[1] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53201 USA
[2] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA
关键词
D O I
10.1080/00036840210138455
中图分类号
F [经济];
学科分类号
02 ;
摘要
Previous studies that investigated the impact of exchange rate volatility on the trade flows, employed official exchange rate data to construct a measure of exchange rate uncertainty. In this paper we show that in countries that there is a black market for foreign exchange, the black market exchange rate volatility could have adverse effect on the trade flows. We show this by using data from Iran and cointegration analysis.
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收藏
页码:2249 / 2255
页数:7
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