Detailed Information on Publication Record
2017
Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data
ŠIMÁKOVÁ, JanaBasic information
Original name
Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data
Authors
ŠIMÁKOVÁ, Jana (703 Slovakia, guarantor, belonging to the institution)
Edition
Bratislava, Slovensko, Proceedings of the 9th International Conference of Currency, Banking and International Finance, p. 247-254, 8 pp. 2017
Publisher
Ekonóm
Other information
Language
English
Type of outcome
Stať ve sborníku
Field of Study
50202 Applied Economics, Econometrics
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
printed version "print"
RIV identification code
RIV/47813059:19520/17:00010988
Organization unit
School of Business Administration in Karvina
ISBN
978-80-225-4362-0
UT WoS
000411851600032
Keywords in English
exchange rates; foreign trade; asymmetric effects
Změněno: 7/2/2020 10:58, RNDr. Daniel Jakubík
Abstract
V originále
Previous studies of the effects of exchange rate changes on Czechia's trade balance have assumed exchange rate changes to have symmetric effects on the trade balance or assumed its linear adjustment. In this paper, we distinguish between the depreciation and appreciation to show that the effects at the industry level are in fact asymmetrical in most industries for Czechia's bilateral trade with its most important trading partners. Therefore, the aim of this paper is to evaluate the asymmetric effects of CZK/EUR exchange rate on the most important segment of Czechia´s foreign trade. The asymmetry cointegration approach, which introduces nonlinearity into the model specification, reveals a more significant impact of the exchange rate on commodity trade between Czechia and its most important trading partner than a more standard model that imposes symmetry.