This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
Abbas, S., Nguyen, V. C., Yanfu, Z., Nguyen, H. T. (2020). The Impact of China Exchange Rate Policy on its Trading Partners: Evidence Based on the GVAR Model. The Journal of Asian Finance, Economics and Business, Vol. 7, No. 8, pp. 131-141.Search in Google Scholar
Adeniyi, O., Kumeka, T. (2020). Exchange rate and stock prices in Nigeria: firm-Level evidence. Journal of African Business, Vol. 21, No. 2, pp. 235-263.Search in Google Scholar
Alam, S. (2010). A Reassessment of the Effect of Exchange Rate Volatility on Pakistan’s Exports Demand: ARDL Approach. European Journal of Economics, Finance and Administrative Sciences, Vo. 21, pp. 77-91.Search in Google Scholar
Arize, A. C., Malindretos, J., Igwe, E. U. (2017). Do exchange rate changes improve the trade balance: An asymmetric nonlinear cointegration approach. International Review of Economics & Finance, Vol. 49, pp. 313-326.Search in Google Scholar
Bahmani-Oskooee, M., Arize, A. C. (2020). On the asymmetric effects of exchange rate volatility on trade flows: evidence from Africa. Emerging Markets Finance and Trade, Vol. 56, No. 4, pp. 913-939.Search in Google Scholar
Bahmani-Oskooee, M., Gelan, A. (2018). Exchange-rate volatility and international trade performance: Evidence from 12 African countries. Economic Analysis and Policy, Vol. 58, pp. 14-21.Search in Google Scholar
Bahmani-Oskooee, M., Hegerty, S. W. (2007). Exchange rate volatility and trade flows: a review article. Journal of Economic studies. Vol. 34, No. 3, pp. 211-255.Search in Google Scholar
Blackburne III, E. F., Frank, M. W. (2007). Estimation of nonstationary heterogeneous panels. The Stata Journal, Vol. 7, No. 2, pp. 197-208.Search in Google Scholar
Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of econometrics, Vol. 31, No. 3, pp. 307-327.Search in Google Scholar
Bollerslev, T., Chou, R. Y., Kroner, K. F. (1992). ARCH modeling in finance: A review of the theory and empirical evidence. Journal of econometrics, Vol. 52, No. 1-2, pp. 5-59.Search in Google Scholar
Bostan, I., Toderașcu, C., Firtescu, B. N. (2018). Exchange rate effects on international commercial trade competitiveness. Journal of Risk and Financial Management, Vol. 11, No. 2, pp. 1-19.Search in Google Scholar
Breitung, J., Brüggemann, R., Lutkepohl, H. (2007). Structural vector autoregressive modeling and impulse responses. In: Lutkepohl, H., Kratzig, M. (Eds.), Applied Time Series Econometrics. Cambridge University Press, USA, pp. 159-196.Search in Google Scholar
Chaudhary, G. M., Hashmi, S. H., Khan, M. A. (2016). Exchange rate and foreign trade: a comparative study of major South Asian and South-East Asian countries. Procedia-Social and Behavioral Sciences, Vol. 230, pp. 85-93.Search in Google Scholar
Clark, P. B. (1973). Uncertainty, exchange risk, and the level of international trade. Economic Inquiry, Vol. 11, No. 3, pp. 302-313.Search in Google Scholar
Demers, M. (1991). Investment under uncertainty, irreversibility and the arrival of information over time. The Review of Economic Studies, Vol. 58, No. 2, pp. 333-350.Search in Google Scholar
Dyhrberg, A. H. (2016). Bitcoin, gold and the dollar–A GARCH volatility analysis. Finance Research Letters, Vol. 16, pp. 85-92.Search in Google Scholar
Engle, R. F. (1982). Autoregressive conditional heteroscedasticity with estimates of the variance of United Kingdom inflation. Econometrica: Journal of the econometric society, pp. 987-1007.Search in Google Scholar
Eriksson, K. (2013). On return innovation distribution in GARCH volatility modelling: Empirical evidence from the Stockholm Stock Exchange. Available at https://www.diva-portal.org/smash/get/diva2:629510/FULLTEXT01.pdf [04 January 2023].Search in Google Scholar
Ethier, W. (1973). International trade and the forward exchange market. The American Economic Review, Vol. 63, No. 3, pp. 494-503.Search in Google Scholar
Franke, G. (1991). Exchange rate volatility and international trading strategy. Journal of international money and finance, Vol. 10, No. 2, pp. 292-307.Search in Google Scholar
Franses, P. H., Van Dijk, D. (1996). Forecasting stock market volatility using (non-linear) Garch models. Journal of forecasting, Vol. 15, No. 3, pp. 229-235.Search in Google Scholar
Granger, C. W. (1992). Forecasting stock market prices: Lessons for forecasters. International Journal of Forecasting, Vol. 8, No. 1, pp. 3-13.Search in Google Scholar
Hall, S., Hondroyiannis, G., Swamy, P. A. V. B., Tavlas, G., Ulan, M. (2010). Exchange-rate volatility and export performance: Do emerging market economies resemble industrial countries or other developing countries?. Economic Modelling, Vol. 27, No. 6, pp. 1514-1521.Search in Google Scholar
Hansen, P. R., Lunde, A. (2005). A forecast comparison of volatility models: does anything beat a GARCH (1,1)?. Journal of applied econometrics, Vol. 20, No. 7, pp. 873-889.Search in Google Scholar
Héricourt, J., Poncet, S. (2015). Exchange rate volatility, financial constraints, and trade: Empirical evidence from Chinese firms. The World Bank Economic Review, Vol. 29, No. 3, pp. 550-578.Search in Google Scholar
Im, K. S., Pesaran, M. H., Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of econometrics, Vol. 115, No. 1, pp. 53-74.Search in Google Scholar
Katsiampa, P. (2017). Volatility estimation for Bitcoin: A comparison of GARCH models. Economics letters, Vol. 158, pp. 3-6.Search in Google Scholar
Khan, A. J., Azim, P., Syed, S. H. (2014). The impact of exchange rate volatility on trade: a panel study on Pakistan's trading partners. The lahore journal of economics, Vol. 19, No. 1, pp. 1-31.Search in Google Scholar
Latief, R., Lefen, L. (2018). The effect of exchange rate volatility on international trade and foreign direct investment (FDI) in developing countries along “one belt and one road”. International Journal of Financial Studies, Vol. 6, No. 4, pp. 1-86.Search in Google Scholar
Levin, A., Lin, C. F., Chu, C. S. J. (2002). Unit root tests in panel data: asymptotic and finite-sample properties. Journal of econometrics, Vol. 108, No. 1, pp. 1-24.Search in Google Scholar
Lin, S., Shi, K., Ye, H. (2018). Exchange rate volatility and trade: The role of credit constraints. Review of Economic Dynamics, Vol. 30, pp. 203-222.Search in Google Scholar
Maddala, G. S., Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and statistics, Vol. 61, No. S1, pp. 631-652.Search in Google Scholar
McKenzie, M. D. (1999). The impact of exchange rate volatility on international trade flows. Journal of economic Surveys, Vol. 13, No. 1, pp. 71-106.Search in Google Scholar
Nguyen, V. C., Do, T. T. (2020). Impact of exchange rate shocks, inward FDI and import on export performance: a cointegration analysis. The Journal of Asian Finance, Economics and Business, Vol. 7, No. 4, pp. 163-171.Search in Google Scholar
Osei-Assibey, K. P. (2010). Exchange rate volatility in LDCs: some findings from the Ghanaian, Mozambican and Tanzanian markets. Doctoral dissertation, University of Dundee.Search in Google Scholar
Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of applied econometrics, Vol. 22, No. 2, pp. 265-312.Search in Google Scholar
Pesaran, M. H., Shin, Y. (1995). An autoregressive distributed lag modelling approach to cointegration analysis. In: Strom, S. (Ed.), Econometrics and Economic Theory in the Twentieth Century: The Ragnar Frisch Centennial Symposium. Cambridge University Press, Cambridge, UK, pp. 371-413.Search in Google Scholar
Pesaran, M. H., Shin, Y., Smith, R. P. (1999). Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American statistical Association, Vol. 94, No. 446, pp. 621-634.Search in Google Scholar
Pesaran, M. H., Smith, R. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of econometrics, Vol. 68, No. 1, pp. 79-113.Search in Google Scholar
Ricardo, D. (1817). On the Principles of Political Economy and Taxation, introduced by M. P. Fogart, Ed. J. M., Dent Sons LDT, London, 1911, reed. 1965.Search in Google Scholar
Senadza, B., Diaba, D. D. (2017). Effect of exchange rate volatility on trade in Sub-Saharan Africa. Journal of African Trade, Vol. 4, No. 1-2, pp. 20-36.Search in Google Scholar
Shin, Y., Yu, B., Greenwood-Nimmo, M. (2014). Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. In Festschrift in honor of Peter Schmidt, Springer, New York, NY, pp. 281-314.Search in Google Scholar
Shuaibu, M., Isah, A. (2020). Exchange Rate Dynamics and Trade Balance in Selected African Countries. Journal of African Trade, Vol. 7, No. 1-2, pp. 69-83.Search in Google Scholar
Sugiharti, L., Esquivias, M. A., Setyorani, B. (2020). The impact of exchange rate volatility on Indonesia's top exports to the five main export markets. Heliyon, Vol. 6, No. 1.Search in Google Scholar
Thuy, V. N. T., Thuy, D. T. T. (2019). The impact of exchange rate volatility on exports in Vietnam: A bounds testing approach. Journal of Risk and Financial Management, Vol. 12, No. 1, pp. 1-6.Search in Google Scholar
Vo, D. H., Vo, A. T., Zhang, Z. (2019). Exchange rate volatility and disaggregated manufacturing exports: Evidence from an emerging country. Journal of Risk and Financial Management, Vol. 12, No. 1, pp. 1-12.Search in Google Scholar
Yakub, M. U., Sani, Z., Obiezue, T. O., Aliyu, V. O. (2019). Empirical investigation on exchange rate volatility and trade flows in Nigeria. Economic and Financial Review, Vol. 57, No. 1, pp. 23-46.Search in Google Scholar
Zaki, C., Abdallah, A., Sami, M. (2019). How Do Trade Margins Respond to Exchange Rate? The Case of Egypt. Journal of African Trade, Vol. 6, pp. 60-80.Search in Google Scholar