The impact of exchange rate volatility on trade: The evidence from Russia

This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials­; (ii) chemicals; (iii) food; (...

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Autor principal: Irina Tarasenko
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Lenguaje:EN
Publicado: Voprosy Ekonomiki 2021
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Acceso en línea:https://doaj.org/article/e4991ae941964a98884e2139563f1c1c
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spelling oai:doaj.org-article:e4991ae941964a98884e2139563f1c1c2021-12-05T04:30:56ZThe impact of exchange rate volatility on trade: The evidence from Russia10.32609/j.ruje.7.579332405-4739https://doaj.org/article/e4991ae941964a98884e2139563f1c1c2021-12-01T00:00:00Zhttps://rujec.org/article/57933/download/pdf/https://rujec.org/article/57933/download/xml/https://rujec.org/article/57933/https://doaj.org/toc/2405-4739This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials­; (ii) chemicals; (iii) food; (iv) fuels; (v) manufactured goods; (vi) ores and metals­; (vii) textiles; and (viii) machinery and transport equipment. Exchange rate volatility­ is measured using the standard deviation of the first difference in the logarithmic daily nominal exchange rate. The paper concludes that exchange rate volatility had a negative impact on exports of agricultural raw materials, manufactured goods, and machinery and transport equipment. In contrast, it was found to have a positive and significant impact on trade in fuels and imports of chemicals and textiles.Irina TarasenkoVoprosy EkonomikiarticleEconomics as a scienceHB71-74ENRussian Journal of Economics, Vol 7, Iss 3, Pp 213-232 (2021)
institution DOAJ
collection DOAJ
language EN
topic Economics as a science
HB71-74
spellingShingle Economics as a science
HB71-74
Irina Tarasenko
The impact of exchange rate volatility on trade: The evidence from Russia
description This paper analyzes the effects of exchange rate volatility on exports and imports of a range of goods between Russia and its 70 trading partners from 2004 until 2018. The goods in question fall into eight product categories, as follows: (i) agricultural raw materials­; (ii) chemicals; (iii) food; (iv) fuels; (v) manufactured goods; (vi) ores and metals­; (vii) textiles; and (viii) machinery and transport equipment. Exchange rate volatility­ is measured using the standard deviation of the first difference in the logarithmic daily nominal exchange rate. The paper concludes that exchange rate volatility had a negative impact on exports of agricultural raw materials, manufactured goods, and machinery and transport equipment. In contrast, it was found to have a positive and significant impact on trade in fuels and imports of chemicals and textiles.
format article
author Irina Tarasenko
author_facet Irina Tarasenko
author_sort Irina Tarasenko
title The impact of exchange rate volatility on trade: The evidence from Russia
title_short The impact of exchange rate volatility on trade: The evidence from Russia
title_full The impact of exchange rate volatility on trade: The evidence from Russia
title_fullStr The impact of exchange rate volatility on trade: The evidence from Russia
title_full_unstemmed The impact of exchange rate volatility on trade: The evidence from Russia
title_sort impact of exchange rate volatility on trade: the evidence from russia
publisher Voprosy Ekonomiki
publishDate 2021
url https://doaj.org/article/e4991ae941964a98884e2139563f1c1c
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