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Lead‐lag relationships between interest rates, exchange rates, and agricultural exports to Japan
Author(s) -
Seger Daniel J.,
Lins David A.,
Hudson Michael A.
Publication year - 1989
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198903)5:2<169::aid-agr2720050208>3.0.co;2-e
Subject(s) - agribusiness , economics , interest rate , exchange rate , agriculture , lag , lead (geology) , dependency (uml) , foreign exchange , international economics , monetary economics , geography , computer network , archaeology , systems engineering , engineering , geomorphology , geology , computer science
Agribusinesses are focusing increased attention on linkages between the US agricultural sector and international economic variables. Increased dependency by the agribusiness sector on exports, greater variability in interest rates, and greater variability in exchange rates are illustrative of recent changes. Lead‐lag relationships between interest rates, exchange rates, and agricultural exports suggest strong relationships in the US and several industrialized nations. US interest rates often lead foreign exchange rates, while relationships between interest rate differentials and exchange rates are generally instantaneous.