Bankacılık ve Finans Bölümü YayınKoleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12416/400
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Browsing Bankacılık ve Finans Bölümü YayınKoleksiyonu by Author "265921"
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Article Citation Count: Tunç, C., Solakoğlu, M.N., Babuşcu, Ş., Hazar, A. (2018). Exchange rate risk and international trade: The role of third country effect. Economics Letters, 167, 152-155. http://dx.doi.org/ 10.1016/j.econlet.2018.03.030Exchange rate risk and international trade: The role of third country effect(Elsevier Science S A, 2018) Tunç, Cengiz; Solakoğlu, Nihat; Babuşcu, Şenol; Hazar, Adalet; 265921; 161529; 117425; 219046Using the recently launched Exporter Dynamics Database of the World Bank, this paper empirically investigates the role of external exchange rate risk (third-country effect) on trade flows between countries. We find a strong positive influence of external exchange rate risk on exports to a specific destination. However, the effect is more observable in advanced destination countries, countries with low bilateral exchange rate volatility in comparison to external exchange rate volatility, and countries in which export is concentrated among a small number of firms.