FINANCIAL AND INSURANCE SERVICES TRADE: DOES EXCHANGE RATE OR INCOME MATTER?

This paper aims to investigate the impacts of exchange rate and income changes on financial and insurance services trade by utilizing the quarterly bilateral trade data of the United States and its major trading partners from 2003 to 2017. No long‐run exchange rate effects on imports and exports of...

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Publicado en:Economic Inquiry Vol. 59; no. 1; pp. 494 - 510
Autor principal: Cheng, Ka Ming
Formato: Artículo
Publicado: Wiley-Blackwell Jan2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: FINANCIAL AND INSURANCE SERVICES TRADE: DOES EXCHANGE RATE OR INCOME MATTER?
      aug:
        au: Cheng, Ka Ming
        affil: Department of Economics and Finance, The Hang Seng University of Hong Kong, Shatin, Hong Kong
      su:
        Canada
        United States
        Insurance
        Foreign exchange rates
        Imports
        Product differentiation
      sug:
        subj:
          Insurance
          Canada
          United States
          Third Party Administration of Insurance and Pension Funds
          All Other Insurance Related Activities
          Other Insurance Funds
          Foreign exchange rates
          Imports
          Product differentiation
      ab: This paper aims to investigate the impacts of exchange rate and income changes on financial and insurance services trade by utilizing the quarterly bilateral trade data of the United States and its major trading partners from 2003 to 2017. No long‐run exchange rate effects on imports and exports of insurance services trade are found. The impact of exchange rates on insurance services may be weak since competition among service providers depends on product differentiation than on exchange rates. On the contrary, income demonstrates significant impacts on both financial and insurance services trade in the United Kingdom, Canada, Japan and Australia.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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