Transmission of Exchange Rate Changes to Agricultural Prices. ERS Report Summary

摘要

The study uses market and trade analysis to examine how changes in exchange rates affect a country's domestic markets for agricultural commodities. The same conceptual framework is then used to analyze the causes and market effects of incomplete price and exchange rate transmission for agricultural commodities. The study also examines the empirical evidence concerning exchange rate transmission for the United States, other developed countries, and, particularly, developing countries, as well as evidence that market conditions alone can cause incomplete transmission.