• Jaime Marquez
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 39)


One cannot exaggerate the usefulness of knowing how changes in income and price affect trade. Questions involving the stability of the foreign exchange market, the willingness to participate in a monetary union, the strength of international interdependencies, and the sustainability of the external deficits are hard to answer without estimates of the effects of income and price on trade.1


Real Exchange Rate Price Elasticity Income Elasticity Monetary Union Foreign Exchange Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media Dordrecht 2002

Authors and Affiliations

  • Jaime Marquez
    • 1
  1. 1.Federal Reserve BoardUSA

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