Singapore's Trade in Financial and Insurance Services and the Role of the Exchange Rate: An Asymmetric Analysis
Küçük Resim Yok
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Two studies have assessed the link between the exchange rate and trade in services. While one study concluded that the U.S. insurance and financial service trade is not affected by the exchange rate, another study reversed that finding by applying a non-linear method. We add to this literature by considering Singapore's experience. After estimating the linear and non-linear ARDL models using Singapore's imports and exports of insurance and financial service trade, we conclude that changes in the real effective value of the Singapore dollar have both short-run and long-run effects on Singapore's trade in both services.
Açıklama
Anahtar Kelimeler
Asymmetric analysis, real effective exchange rate, Singapore, trade in services
Kaynak
International Trade Journal
WoS Q Değeri
N/A
Scopus Q Değeri
Q3
Cilt
38
Sayı
2
