Exchange-rate volatility, exchange-rate regime, and trade volume: evidencefrom the UK-US export function (1889-1999)

This paper investigated the impact of exchange-rate volatility and exchange -rate regime on the British exports to the United States using data for the period 1889-1999. The empirical findings suggest that neither exchange-rat e volatility nor the different exchange-rate regimes that spanned the last century had an effect on export volume. (C) 2001 Elsevier Science B.V. All rights reserved.