D 2017

Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data

ŠIMÁKOVÁ, Jana

Základní údaje

Originální název

Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data

Autoři

ŠIMÁKOVÁ, Jana (703 Slovensko, garant, domácí)

Vydání

Bratislava, Slovensko, Proceedings of the 9th International Conference of Currency, Banking and International Finance, od s. 247-254, 8 s. 2017

Nakladatel

Ekonóm

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Kód RIV

RIV/47813059:19520/17:00010988

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

ISBN

978-80-225-4362-0

UT WoS

000411851600032

Klíčová slova anglicky

exchange rates; foreign trade; asymmetric effects
Změněno: 7. 2. 2020 10:58, RNDr. Daniel Jakubík

Anotace

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.