Trade Effects of Exchange Rates and their Volatility: Chile and New Zealand

Organisation for Economic Co-operation and Development2026-04-11 收录

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Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an unequivocally clear picture of the trade impacts of changes in exchange rates. In addition, much of the...