THE EFFECTS OF GLOBAL FINANCIAL CRISIS ON INTERNATIONAL TRADE: EXCHANGE RATE VOLATILITY VS FINANCE. CASE OF CAMEROON

Author(s)
ALOBWEDE, SENGE GERALDINE
Advisor
CHOI, HEE GAB
Department
국제대학원 국제통상학과
Publisher
Graduate School of International Studies Ajou University
Publication Year
2017-02
Language
eng
Keyword
Exchange rateExchange rate volatilityExports and GDP
Alternative Abstract
ABSTRACT Valuations of currencies and their variability are often noted to have inexplicable aftermaths on international trade, and the overall economic performance. This paper sets to find out empirically, the effects of financial crisis on international trade. We limited our study by focusing on the relationship between exchange rate volatility versus finance for the Cameroonian economy using a time series of 40 years; 1975 2015. We calculated the standard deviation for exchange rate to get the values for exchange rate volatility, meanwhile values for exports, exchange rate and WGR were obtained from various sources as outlined in chapter three. Using the gravity model of international trade, we found that, exchange rate, its volatility, and world growth rate determines the degree or the exports level an economy may achieve for a given period of time. Using data for Cameroon, I found a significant and positive relationship for the three mentioned factors (exchange rate, exchange volatility, and world growth rate) with exports. That is high exchange rates encourage Cameroonians and Cameroon businesses to engage more in exports. We strongly suggest and recommend a unique and single currency for the Cameroonian economy
URI
https://dspace.ajou.ac.kr/handle/2018.oak/11320
Fulltext

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Special Graduate Schools > Graduate School of International Studies > Department of International Trade > International Trade > 3. Theses(Master)
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