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Effect of exchange rate uncertainty on trade integration in ASEAN+3

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  • Effect of exchange rate uncertainty on trade integration in ASEAN+3
  • Tayebi, Seyed Komail; Zamani, Zahra; Koo, Chung Mo
  • The Association of Korean Economic Studies


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Title Effect of exchange rate uncertainty on trade integration in ASEAN+3
Similar Titles
Material Type Reports
Author(English)

Tayebi, Seyed Komail; Zamani, Zahra; Koo, Chung Mo

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2015-12
Subject Country China(Asia and Pacific)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic System
Holding The Association of Korean Economic Studies

Abstract

Having focused on exchange rate, much of the controversy is linked to the choice of a process to represent the evolution of exchange rate, which is crucial to measure the impact of uncertainty on trade and investment decisions. It is also necessary to choose a movement that reflects as likely as possible the dynamics of the world exchange market (Postalli and Picchetti, 2006), and then its effect on trade. One way is trade integration which increases countries’ economic relationship, but it may cause trade deviation due to exchange rate uncertainty. On the other hand, trade creation effects mostly result from an economic union through eliminating exchange rate uncertainty if a common currency arrangement is implemented properly (Sabri et al., 2012). (The rest omitted)