Export rivalry and exchange rate pass‐through
نویسندگان
چکیده
منابع مشابه
Rochester Modeling Exchange Rate Passthrough after Large Devaluations Modeling Exchange Rate Passthrough after Large Devaluations *
Large devaluations are generally associated with large declines in real exchange rates. Burstein, Eichenbaum, and Rebelo (2005) argue that the primary force causing these declines is often the slow adjustment in the price of nontradable goods and services. We develop a model which embodies two complementary forces that account for the large declines in the real exchange rate that occur in the a...
متن کاملModeling Exchange Rate Passthrough After Large Devaluations∗
Large devaluations are generally associated with large declines in real exchange rates. Burstein, Eichenbaum, and Rebelo (2005) argue that the primary force causing these declines is often the slow adjustment in the price of nontradable goods and services. We develop a model which embodies two complementary forces that account for the large declines in the real exchange rate that occur in the a...
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Given that a multinational enterprise can react flexibly upon exchange rate movements, international trade flows may be interpreted as an option. An enterprise will opt to export if the profits obtained from exporting under given exchange rate developments are greater than if foreign subsidiary sales were opted. Naturally, given negative exchange rate scenario situations, an enterprise will cho...
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In 2011, Switzerland announced a floor for the Swiss franc, and it immediately depreciated by 10 percent. Many argue that depreciations should not matter for Switzerland’s export basket because luxury brands and high value added products predominate, and these should compete on quality rather than price. We measure the sophistication of Swiss exports using Hausmann et al.’s (2007) and Kwan’s (2...
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ژورنال
عنوان ژورنال: Economics of Transition and Institutional Change
سال: 2019
ISSN: 2577-6975,2577-6983
DOI: 10.1111/ecot.12221