The choice of an invoicing currency in international trade and the balance of trade impact of currency depreciation

1990 ◽  
Vol 1 (3) ◽  
pp. 251-268 ◽  
Author(s):  
Michael Melvin ◽  
Jahangir Sultan
Keyword(s):  
International Trade ◽  
Currency Depreciation ◽  
Balance Of Trade ◽  
Invoicing Currency

Kosovo’s International Trade: Balance of Trade

2015 ◽  
Vol 3 (1) ◽  
pp. 58 ◽  
Author(s):  
Gent Jusufi ◽  
Lura Rexhepi Mahmutaj ◽  
Gentina Jusufi ◽  
Nora Jusufi
Keyword(s):  
Growth Rate ◽  
International Trade ◽  
Export Performance ◽  
Secondary Data ◽  
Trade Deficit ◽  
Average Growth Rate ◽  
Annual Average ◽  
Average Growth ◽  
Balance Of Trade ◽  
Annual Average Growth Rate

Purpose – The purpose of this paper is to present a review of literature on the composition of exports and imports during 2005-2011 in Kosovo and key findings from secondary research on the reasons for the high trade deficit which affects economic development within this country. Design/Methodology/Approach – This paper presents secondary data related to background of the international trade and its increasing importance throughout the years because globalization. Then it is followed by characteristics of Kosovo’s trade environment, its domination of imports from 2005 to 2011 and its comparison with EU and non EU countries. Findings – The results of this paper illustrates that Kosovo is facing a major problem with its negative balance of trade, suffering with excessive volume of imported goods and insufficient exported goods. Kosovo’s trade marked an increase of its exports with annual average growth rate of 36%, on the other hand imports marked an increase with annual average growth rate of 13%, while the share of exports and imports of GDP was relatively 60% by the year of 2011. The reasons of poor export performance are mainly based on social, political, and economical issues that Kosovo is confronting. Nevertheless, government took important macroeconomic steps, as well as developed comprehensive process to review, shift the political and economic policies, to sustain the countries balance of trade in long term.

The Choice of Invoicing Currency in Merchandise Trade

1981 ◽  
Vol 98 ◽  
pp. 60-72 ◽  
Author(s):  
S.A.B. Page
Keyword(s):  
Exchange Rate ◽  
Foreign Currency ◽  
Exchange Rate Change ◽  
Aggregate Level ◽  
Foreign Exchange Risk ◽  
Exchange Risk ◽  
Balance Of Trade ◽  
Exchange Rate Changes ◽  
Merchandise Trade ◽  
Invoicing Currency

If an exporter or importer uses a foreign currency, his income or costs will be immediately affected when the exchange rate changes; if he uses his own, there will be no effect on contracts that are already fixed. Analysing the pattern of invoicing throws light on what objectives are important in firms' decisions, and in particular on their attitudes toward foreign exchange risk. At the aggregate level, their choice of currency influences the effect of an exchange rate change on a country's balance of trade.

scholarly journals READY-MADE GARMENT SECTOR AND INTERNATIONAL TRADE DEVELOPMENT: EVIDENCE FROM BANGLADESH

2018 ◽  
Vol 13 (2) ◽  
pp. 42
Author(s):  
Mohammad Nazim Uddin ◽  
Mustafa Manir Chowdhury ◽  
Mohammad Jonead Kabir ◽  
Habib Ullah
Keyword(s):  
International Trade ◽  
National Policy ◽  
Secondary Data ◽  
Trade Deficit ◽  
Primary Data ◽  
Substantial Contribution ◽  
Total Import ◽  
Important Place ◽  
Foreign Reserve ◽  
Balance Of Trade

<p> The Ready-made garment sector has occupied an important place in international trade of Bangladesh. The main purpose of the study is to examine the contribution of RMG sector for the development of international trade in Bangladesh. The study has used primary and secondary data. In order to collect primary data, two sets of questionnaires are developed, which are prepared in the light of the objectives of the study. The study has also used secondary data only relevant to  the export value of RMG sector, total export value of the country, total import value of RMG sector, import value of the country,  balance of trade, and balance of payment etc. for measuring the international trade development in Bangladesh  during the period of 2003- 2013. The main reason to consider the certain period is the availability of data. This study revealed that the RMG sector has made substantial contribution for the development of International trade in Bangladesh. The result of the study also indicates that the RMG sector in the country has brought the largest part of export earnings that minimize the trade deficit. But there are some realistic problems in the RMG sector that hinder the development of international trade. The study seems to carry an enormous academic value since a few studies have been undertaken in this area. It may be helpful to the RMG entrepreneurs, BGMEA, Export promotion bureau (EPB), Academic researchers and national policy makers who have been making endeavor to the development of RMG sector as well as development of international trade as a whole.</p><p>Key words: RMG sector, Export value, Balance of trade, foreign reserve and International trade development </p>

scholarly journals The Effect of Globalization on International Trade: The Black Sea Economic Cooperation Case

2015 ◽  
Author(s):  
Mesut Savrul ◽  
Ahmet İncekara
Keyword(s):  
International Trade ◽  
Black Sea ◽  
Panel Data Analysis ◽  
Economic Cooperation ◽  
The Black Sea ◽  
Global Finance ◽  
Balance Of Trade ◽  
Economic Institute ◽  
National Governments ◽  
And Control

Globalization including political, social and economic processes is frequently associated with multinational companies and investment, international trade and regionalism, global finance and money. While globalization process reduced activity and control of national governments on their economy and trade their place is substituted by international companies. The national economies on the other hand try to keep pace with the change in economic system by deregulating their international trade barriers via regional trade agreements and economic integrations. Based on the assumption that the globalization has liberalized their infrastructure of trade, this study investigates the balance of trade in the member countries of The Black Sea Economic Cooperation Organization (BSEC). The data is collected from international trade database of UNCTAD and globalization index of KOF Swiss Economic Institute. The variables are evaluated using panel data analysis and the results have shown that globalization has a significant impact on international trade and the globalization process had a positive effect on the liberalization of trade in the member countries of the BSEC.

Sign in / Sign up

Export Citation Format

Share Document