Three Essays on Imperfect Competition and Exchange Rate Pass-through in the Presence of Multiple Exchange Rates PDF Download

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Three Essays on Imperfect Competition and Exchange Rate Pass-through in the Presence of Multiple Exchange Rates

Three Essays on Imperfect Competition and Exchange Rate Pass-through in the Presence of Multiple Exchange Rates PDF Author: Byoung-Ky Chang
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Languages : en
Pages : 224

Book Description
In the last essay (chapter IV), I test the strategic behaviors between exporting firms with simultaneous estimation techniques (three stage least squares). Exchange rate pass-through is estimated, and the effect of the rival exchange rate is emphasized. Also, I demonstrate the problem associated with tests which use trade-weighted exchange rate. Most importantly, this research highlights the importance of market structure in exchange rate pass-through studies.
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