The effect of exchange rate volatility on the volume of South African exports
Master Thesis
2008
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University of Cape Town
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Abstract
The purpose of this paper is to investigate whether a relationship between export volumes and exchange rate volatility exists as suggested in the ASGISA document. It goes about this by first investigating the theoretical channels that predict the relationship between export volumes and exchange rate volatility. The theoretical prediction though is ambiguous depending on the justification used to get to the result. Furthermore, the paper provides evidence that the empirical results are ambiguous as well as some countries tend to exhibit a negative relationship and others a positive relationship. Thus the paper goes on to estimate two measures of exchange rate volatility using the real effective exchange rate.
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Includes abstract.
Includes bibliographical references (leaves 26-27).
Reference:
Redford, S. 2008. The effect of exchange rate volatility on the volume of South African exports. University of Cape Town.