The University of Southampton
University of Southampton Institutional Repository

UK imports from Germany, Japan and the US: empirical investigation of the third country effect and the global financial crisis

UK imports from Germany, Japan and the US: empirical investigation of the third country effect and the global financial crisis
UK imports from Germany, Japan and the US: empirical investigation of the third country effect and the global financial crisis
This paper investigates the influence of exchange rate volatility on the real imports of the United Kingdom from Germany, Japan and the US during the period 1991-2011. The sample applied also includes the current global financial crisis. Thus this paper also investigates the potential affect of the crisis on UK imports from these three major trade partners. The paper further investigates the third country affect on the UK imports. The ARDL cointegration method and the constrained error correction (general-to-specific) method are applied to study the relationship between real imports and its determinants (including exchange rate volatility). Conditional variance from the GARCH(p,q) model is applied as exchange rate volatility. Both nominal and real exchange rates are employed in the empirical study. Results indicate a significant effect of the current financial crisis on the exchange rate volatility and some affect on the UK imports from these countries. This is also true when testing for the third country affect.
Choudhry, Taufiq
6fc3ceb8-8103-4017-b3b5-2d38efa57728
Hassan, Syed Shabi UI
6693bc95-e19e-4e21-a856-c82bf33e98b2
Papadimitriou, Fotios I.
e90e7f7a-0d8d-4fbb-9b08-729d2dd2e217
Choudhry, Taufiq
6fc3ceb8-8103-4017-b3b5-2d38efa57728
Hassan, Syed Shabi UI
6693bc95-e19e-4e21-a856-c82bf33e98b2
Papadimitriou, Fotios I.
e90e7f7a-0d8d-4fbb-9b08-729d2dd2e217

Choudhry, Taufiq, Hassan, Syed Shabi UI and Papadimitriou, Fotios I. (2013) UK imports from Germany, Japan and the US: empirical investigation of the third country effect and the global financial crisis. Fourth World Finance Conference, Cyprus. 01 - 03 Jul 2013.

Record type: Conference or Workshop Item (Paper)

Abstract

This paper investigates the influence of exchange rate volatility on the real imports of the United Kingdom from Germany, Japan and the US during the period 1991-2011. The sample applied also includes the current global financial crisis. Thus this paper also investigates the potential affect of the crisis on UK imports from these three major trade partners. The paper further investigates the third country affect on the UK imports. The ARDL cointegration method and the constrained error correction (general-to-specific) method are applied to study the relationship between real imports and its determinants (including exchange rate volatility). Conditional variance from the GARCH(p,q) model is applied as exchange rate volatility. Both nominal and real exchange rates are employed in the empirical study. Results indicate a significant effect of the current financial crisis on the exchange rate volatility and some affect on the UK imports from these countries. This is also true when testing for the third country affect.

Full text not available from this repository.

More information

Published date: 3 July 2013
Venue - Dates: Fourth World Finance Conference, Cyprus, 2013-07-01 - 2013-07-03
Organisations: Centre for Digital, Interactive & Data Driven Marketing

Identifiers

Local EPrints ID: 357465
URI: https://eprints.soton.ac.uk/id/eprint/357465
PURE UUID: 0fc0d7d1-2ee3-4fe6-904e-84332ff50114

Catalogue record

Date deposited: 16 Oct 2013 12:14
Last modified: 03 Dec 2018 17:33

Export record

Contributors

Author: Taufiq Choudhry
Author: Syed Shabi UI Hassan
Author: Fotios I. Papadimitriou

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of https://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×