The Impact of Exchange Rate Volatility on Czech Real Export

Peter Jurečka

Master's thesis

Teorie a empirická studie rozšířena o obchod se zeměmi eurozóny

Vliv volatility směnného kurzu na reální export České republiky

Abstract:

This diploma thesis deals with the impact of real exchange rate volatility on real export of the Czech Republic. In the first part, theoretical aspects of this relationship are examined, explaining both - positive and negative ? effects on bilateral and aggregate trade flows. Further on, empirical data and econometric tools are employed to capture the relationship between real export and its main determinants for the case of Czech Republic in the past decade. After the brief theoretical introduction to time series econometrics, the particular export demand model is proposed and various cointegration techniques are explained and applied to examine the long-run equilibrium but also short-run dynamics.

Keywords

exchange, rate, volatility, variability, export, trade

Language used: English

Date on which the thesis was submitted / produced: 29. 11. 2007

Thesis defence

• Date of defence: 23. 1. 2008
• Supervisor: Antonín Brůžek
• Reader: Petr Zahradník

Vysoká škola ekonomická v Praze

Master programme / field:
Mezinárodní ekonomické vztahy / Podnikání a právo