Exchange rate hysteresis in the UK imports from the South Asian Countries

We investigate and find evidence for the hysteresis hypothesis in UK imports from South Asian countries, using a monthly sample of data that covers 1999 to 2012. This paper finds evidence of the asymmetric effect of exchange rate volatility that ‘large’ depreciations significantly reduce UK imports...

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Bibliographic Details
Main Authors: Nusrate Aziz, Ahmad Hassan Ahmad
Format: Default Article
Published: 2018
Subjects:
Other economics not elsewhere classified
Hysteresis hypothesis
Sunk costs
Exchange rates
Recursive estimate
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/32509
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