scholarly journals The Effect of Domestic Currency Devaluation on Trade Balance in Ethiopia

2020 ◽  
Keyword(s):  
Trade Balance ◽  
Domestic Currency ◽  
Currency Devaluation

AN EMPIRICAL REEXAMINATION OF INDIA'S CURRENCY DEVALUATION AND TRADE BALANCE

2020 ◽  
Vol 20 (4) ◽  
pp. 68-73
Author(s):  
Neetu Kaushik ◽  
Raja Nag ◽  
Kamal Upadhyaya
Keyword(s):  
Trade Balance ◽  
Currency Devaluation

Asymmetric J-curve in the Commodity Trade between Pakistan and China

2021 ◽  
Vol 16 (3) ◽  
pp. 521-547
Author(s):  
Ahmed Usman ◽  
◽  
Mohsen Bahmani-Oskooee ◽  
Sofia Anwar ◽  
◽  
...  
Keyword(s):  
Trade Balance ◽  
Commodity Trade ◽  
Electrical Machinery ◽  
Currency Devaluation ◽  
Long Run ◽  
J Curve ◽  
Short Run ◽  
Trade Share

The J-curve is a term used to describe short-run deterioration in the trade balance combined with long-run improvement subsequent to a currency devaluation or depreciation. While the majority of studies have tested the symmetric J-curve concept, the new direction is to test for an asymmetric J-curve. We tested both concepts for each of the 21 two-digit industries that trade between Pakistan and its major partner, China. While we found support for the symmetric J-curve in only six industries, we found support for the asymmetric J-curve in 13 industries. The two largest industries, coded 71 (machinery other than electric with 21.14% trade share) and 72 (electrical machinery, apparatus, and appliances with 16.87% trade share) were found to be in the list.

scholarly journals Cointegration And The Causality Between Stock Prices And Exchange Rates Of The Korean Economy

2011 ◽  
Vol 3 (4) ◽  
Author(s):  
Jae-Kwang Hwang
Keyword(s):  
Time Series ◽  
Exchange Rates ◽  
Stock Prices ◽  
Cointegration Test ◽  
Domestic Currency ◽  
Currency Devaluation ◽  
Korean Economy ◽  
Short Run ◽  
The Relationship

This paper examines the relationship between stock prices and exchange rates in Korea. It is found that two time series are cointegrated by the Engle-Granger two-step cointegration test. The results show that domestic currency devaluation has a negative short-run effect on stock prices. It means that there is only one-way temporal linkage from exchange rates to stock prices.

The Economics of wages and wages policy in the depression and recovery period: distinctive elements in the New Zealand debate, 1931- 1936

1970 ◽  
Vol 15 (1) ◽  
Author(s):  
A. M. Endres
Keyword(s):  
New Zealand ◽  
Real Wage ◽  
Labour Productivity ◽  
Recovery Period ◽  
Prima Facie ◽  
Currency Devaluation ◽  
Money Wage ◽  
Distinctive Features ◽  
Compulsory Arbitration ◽  
Wage Cuts

This article discusses distinctive features of the New Zealand debate on the economics of wages and wages policy from 1931 up to the restoration of compulsory arbitration in 1936. Local economic orthodoxy proffered advice which, consistent with Keynes (1936), turned on the need for a general real wage reduction effected mostly through currency devaluation, rather than through further money wage cuts. Dissenters were critical of currency devaluation; they stressed excessively generous unemployment relief, real wage 'overhang' and structural real wage distorttons. Tentative estimates of both aggregate real product wage and labour productivity changes demonstrate, prima facie, that at least one strand in the dissenting argument was defensible.

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