ŠIMÁKOVÁ, Jana. Asymmetric Effects of Exchange Rate Changes on the Czechia's Foreign Trade: Evidence from Industry Data. In Proceedings of the 9th International Conference of Currency, Banking and International Finance. Bratislava, Slovensko: Ekonóm, 2017, p. 247-254. ISBN 978-80-225-4362-0.
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Basic 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
Original language English
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Confidentiality degree is not subject to a state or trade secret
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
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 7/2/2020 10:58.
Abstract
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.
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