External devaluation and trade balance in 1930s Italy

Berbenni, Enrico

doi:10.1016/j.strueco.2021.02.001

Cited by 5 publications

(3 citation statements)

References 18 publications

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“…Many studies focused on the nexus between the currencies and the trade balances (Arthur et al, 2022;Barkat et al, 2022;Berbenni, 2021;Eshetu and Eshetu, 2021;J. Mehtiyev et al, 2021;Jiang and Liu, 2022;Ozcelebi et al, 2021).…”

Section: Tesammentioning

confidence: 99%

The Relationship Between Cryptocurrencies and the Trade Balance of Nigeria

Çetin,

Sürmen

2024

TESAM Akademi Dergisi

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Bitcoin has increased rapidly in value since the first day of its integration into today's markets. The increases experienced have directed the interest of global investors to this field over time. In addition to these developments, the increasing popularity of blockchain technology and the increase in the volume of cryptocurrencies have turned these currencies into an important tool for commercial activities. Although there are many studies to measure the international trade balance with exchange rates, no study has been found to examine the relationship between the change in cryptocurrency prices and the trade balance of countries. In this study, the relationship between the trade balance of Nigeria, one of the leading countries in the world in terms of cryptocurrency usage, and cryptocurrencies is analysed using NARDL analysis with coefficient symmetry test (2016/M4-2020/ M12). According to the research results, Bitcoin and Litecoin can have significant long-term impact on Nigeria's trade balance.

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Section: Tesammentioning

confidence: 99%

The Relationship Between Cryptocurrencies and the Trade Balance of Nigeria

Çetin,

Sürmen

2024

TESAM Akademi Dergisi

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“…This argument is based on the fact that many raw materials needed for investment are imported from developed nations. The devaluation policy would cause domestic investment to deteriorate as the price of imported raw materials increases [ 6 , 7 ]. Thus, given that the devaluation measures fail to affect foreign demand for domestic goods on the one hand while causing domestic demand to shift towards domestic goods as well as negatively affecting domestic investment by causing imported inputs to be costly, the net effect would be domestic inflation [ 8 ] and national output shrinkage.…”

Section: Introductionmentioning

confidence: 99%

“…Furthermore, apart from empirical inconsistency, previous studies have generally employed either exports [ 14 , [17] , [18] , [19] ] or balance of payments [ 1 , 7 , 16 , [20] , [21] , [22] ] to gauge the success of devaluation strategies. Consequently, they disregarded Cheng's [ 22 ] concern that the transmission channel for goods and services trade may differ substantially, resulting in distinct responses from the two sectors following devaluation.…”

Section: Introductionmentioning

confidence: 99%