. . "Proceedings of 7th International Conference on Currency, Banking and International Finance" . . "Estimation of the J-Curve Effect: The Case of Slovakia" . "This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. This paper investigates J-curve phenomenon using quarterly time series data over the period 1997:1 to 2010:4. We apply the Johansen cointegration test to analyze the long run relationship between exchange rate and trade balance. Short term effects and the related J-curve effect is explored by estimating error correction model and by assessing the impulse-response function of the trade balance on the exchange rate shock. The results provide evidence that the classical J-curve effect does not exist in Slovakia. Instead, currency depreciation (increase in real effective exchange rate) is accompanied only by positive change in trade balance with no initial deterioration." . "[B93D81E6133E]" . "19520" . . "RIV/47813059:19520/12:#0001890!RIV13-MSM-19520___" . . "134806" . "2"^^ . "978-80-225-3494-9" . . . "Estimation of the J-Curve Effect: The Case of Slovakia"@en . "Ekonomick\u00E1 univerzita v Bratislave. N\u00E1rodohospod\u00E1rska fakulta" . . "RIV/47813059:19520/12:#0001890" . "Estimation of the J-Curve Effect: The Case of Slovakia"@en . . "2"^^ . . "This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. This paper investigates J-curve phenomenon using quarterly time series data over the period 1997:1 to 2010:4. We apply the Johansen cointegration test to analyze the long run relationship between exchange rate and trade balance. Short term effects and the related J-curve effect is explored by estimating error correction model and by assessing the impulse-response function of the trade balance on the exchange rate shock. The results provide evidence that the classical J-curve effect does not exist in Slovakia. Instead, currency depreciation (increase in real effective exchange rate) is accompanied only by positive change in trade balance with no initial deterioration."@en . "Stav\u00E1rek, Daniel" . "Bratislava" . "\u0160im\u00E1kov\u00E1, Jana" . . . "Bratislava" . "S" . . . "Estimation of the J-Curve Effect: The Case of Slovakia" . . "2012-01-01+01:00"^^ . . . "J-curve, trade balance, exchange rate"@en . "9"^^ .