The Impact of Exchange Rate Volatility on Exports in East Asia

• Main Authors: Hsi-Chen Chang, 張翕丞
• Other Authors: Jyh-Dean Hwang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/xngvs7

碩士 === 國立臺灣大學 === 國際企業學研究所 === 106 === This paper investigated the impact of U.S. exchange rate volatility on exports in East Asia countries from January 2000 to December 2017, and a panel model was employed for exports from China, Japan. Korea and Taiwan to their largest trading partner, the United States. To examine the impact of exchange volatility from other trading partners, we also introduced the second largest trading partner of East Asia countries. This study used conditional standard deviation of exchange rate process estimated by General Autoregressive Conditional Heteroscedasticity(GARCH) model to measure exchange rate volatility. The results showed that the U.S. exchange rate volatility has significant negative effects on exports of East Asia countries. However, the exchange rate volatility of second trading partner has no significant on exports.