Occasional Papers

Exchange Rate Volatility and World Trade

Publication Date:

July 8, 1984

Summary:

In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate variability on trade. Against the background of this concern, the following decision was reached at the ministerial meeting of the General Agreement of Tariffs and Trade (GATT) in November 1982.

Series:

Occasional Paper No. 1984/005

Subject:

Currencies Exchange rates Floating exchange rates Foreign exchange International trade Money Real exchange rates Trade balance