Impact of Exchange Rate Risks on Trade Flows: Does Regional Integration in Production Matter?

被引:0
|
作者
Huong, Nguyen Thi Thu [1 ]
机构
[1] Vietnam Maritime Univ, Fac Econ, Dept Foreign Trade Econ, Hai Phong City, Vietnam
关键词
Exchange rate risks; regional integration; trade flows; RCEP; ASEAN3; GLOBAL VALUE CHAINS; PARTICIPATION; VULNERABILITY; CHINA; RCEP;
D O I
10.1142/S1793993325500115
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines the impact of exchange rate risks on international trade in the wake of regionalization. Applying panel regression with fixed effects models (FEMs) to a panel dataset covering 61 countries during 2007-2023, this study finds that exchange rate risks hamper multiple aspects of trade flows. Besides, this study discovers that ASEAN +3 and RCEP regional integration in production can alleviate the negative impact of exchange rate risks on trade flows. These results suggest that strengthening regional cooperation and enhancing regional integration in production could be potential solutions for countries to overcome the adverse consequences of exchange rate risks.
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页数:27
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