Articlehybrid1994

Is export price adjustment asymmetric?: evaluating the market share and marketing bottlenecks hypotheses

168 citations0/0 files storedJournal of International Money and Finance

No readable copy stored yet — this record is metadata only.

Global trade and economics Monetary Policy and Economic Impact Global Financial Crisis and Policies

Abstract

Export price adjustment is asymmetric with respect to currency fluctuations in at least two circumstances. If firms face capacity constraints in distribution networks or quantitative trade restrictions, then pricing-to-market may be greater during depreciations of the exporter's currency. If firms attempt to build market share subject to the threat of trade restrictions, then pricing-to-market may be greater during appreciations of the exporter's currency. This paper tests for asymmetries using panel data on German and Japanese 7-digit industry exports. The data seldom reject the hypothesis of a symmetric response of prices to exchange rates.

Citations in this library

Stored only when both papers are in the corpus — 168 citations exist upstream.

References

1983Empirical exchange rate models of the seventies 1986Pricing to Market when the Exchange Rate Changes 1989Hysteresis, Import Penetration, and Exchange Rate Pass-Through 1992International Comparisons of Pricing-to-Market Behavior 1990Pricing to market in Japanese manufacturing 1989Price Discrimination by U.S. and German Exporters 1988Hyteresis in Import Prices: The Beachhead Effect 1988Exchange rates and traded goods prices

Cited by

2003Asymmetric exchange rate exposure: theory and evidence 2004Linear and nonlinear foreign exchange rate exposures of German nonfinancial corporations 2005Foreign exchange risk exposure: Survey and suggestions 2014Exchange Rate Pass-Through in Developing and Emerging Markets: A Survey of Conceptual, Methodological and Policy Issues, and Selected Empirical Findings 2005Size Matters: Asymmetric Exchange Rate Pass-Through at the Industry Level 2006Asymmetric foreign exchange risk exposure: Evidence from U.S. multinational firms

Imported from OpenAlex (CC0) — nothing here is generated.