Exchange Rate Volatility and Trade: A Panel Data Analysis: A Comparison between Domestic and Foreign Rates through Application of GARCH Models for Pakistan's Trade Partners - Couverture souple

Khan, Abdul Jalil; Azim, Parvez

 
9783639761481: Exchange Rate Volatility and Trade: A Panel Data Analysis: A Comparison between Domestic and Foreign Rates through Application of GARCH Models for Pakistan's Trade Partners
Couverture souple
ISBN 10 : 3639761480 ISBN 13 : 9783639761481
Editeur : Scholars' Press, 2015

Synopsis

International financial markets are passing through instability and essentially require re-evaluation of their behavior chiefly under the context of foreign currencies ensuring effective forecasting to assess the emerging patterns and structures, otherwise incapacitate the investors to make valid decisions for future participation in growth and development process. This study examines the effects of exchange rate volatility on trade and capital flows both for developed and developing countries that have trade relations with Pakistan. Impact of volatility through various specifications of GARCH based volatility models has been analyzed on trade and capital flows by estimating panel data fixed effect models considering monthly data from 1970 to 2009 for 29 countries. This has allowed us to compare and evaluate variation in both domestic currency (direct financial transactions) and foreign currency (indirect financial transaction by involving third country) values to expose the underlying structures and interconnections among currencies providing an opportunity to strengthened the decision making process of investors and traders.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Scholars' Press
Date d'édition
2015
Langue
anglais
ISBN 10 
3639761480
ISBN 13 
9783639761481
Reliure
Broché
Nombre de pages
220
Coordonnées du fabricant
non disponible
Personne responsable
non disponible