Do currency manipulations hurt US bilateral trade balance?

Basit Öğe Kaydı
dc.authoridAftab, Muhammad/0000-0003-4164-4147
dc.contributor.authorAftab, Muhammad
dc.contributor.authorBahmani-Oskooee, Mohsen
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T15:54:48Z
dc.date.available2024-09-29T15:54:48Z
dc.date.issued2023
dc.departmentKarabük Üniversitesien_US
dc.description.abstractCurrency manipulations, the intentional intervention in the foreign exchange market by a country's government or central bank, have been a contentious issue in international trade. However, empirical evidence on the matter is scarce. This study aims to fill this gap by investigating the effect of currency manipulations on the US bilateral trade balance with its major trading partners over a long-term period of 2000Q4 to 2020Q2. By using a novel currency manipulation index based on the US Treasury-defined variables and a combination of time series and panel cointegration approaches, this study uses a dataset of 21 major trading partners of the US. The analysis shows that currency manipulations have a statistically significant negative effect on the US bilateral trade balance with some country-level heterogeneity. The study provides new insights on the role of currency manipulations in international trade and implies that the findings have significant policy implications. By providing evidence of the detrimental effect of currency manipulations on trade balance, this study supports the argument for the need of international agreements and regulations to discourage such practices and promote fairness in global trade.en_US
dc.identifier.doi10.1007/s40822-023-00225-z
dc.identifier.issn1309-422X
dc.identifier.issn2147-429X
dc.identifier.scopus2-s2.0-85152460882en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1007/s40822-023-00225-z
dc.identifier.urihttps://hdl.handle.net/20.500.14619/4296
dc.identifier.wosWOS:000966571200002en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringer Heidelbergen_US
dc.relation.ispartofEurasian Economic Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCurrency manipulationsen_US
dc.subjectCurrency devaluationsen_US
dc.subjectUS bilateral tradeen_US
dc.subjectInternational tradeen_US
dc.titleDo currency manipulations hurt US bilateral trade balance?en_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu