Economics, Econometrics and Finance
2 years ago

Devaluing currency boosts trade balance post-COVID: Albania-Italy case study.

International Scientific Conference ERAZ. Knowledge Based Sustainable Development
Relationship between Exchange Rate and Trade Balance Pre and after COVID-19 – Albania Case Study
Nevila Mehmetaj

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The article explores how the exchange rate affects trade balance in Albania, especially with Italy, before and after COVID-19. By analyzing data from 2008 to 2022, the researchers found that a higher domestic income and a lower exchange rate lead to better trade balances in the long term. This means that if the domestic currency is devalued, it can help improve the trade balance over time.