HOW DO RISING INTEREST RATES AFFECT EXPORTS?

dc.contributor.authorTerol Llorente, Isaac
dc.date.accessioned2026-06-18T07:49:48Z
dc.date.issued2026-06-10
dc.descriptionTrabajo Fin de Grado leído en la Universidad Rey Juan Carlos en el curso académico 2025/2026. Directores/as: Dionisio De Haro Romero
dc.description.abstractThis study examines how rising interest rates affect export performance across eight Spanish economic sectors during the period 2010¿2023. Using a fixed-effects panel regression, the analysis evaluates the impact of the ECB Main Refinancing Rate (MRR) on sectoral exports while controlling for the real effective exchange rate (REER) and trading partner GDP growth. The results suggest that exchange rate competitiveness and external demand play a significant role in explaining export performance, while the positive relationship observed between interest rates and exports appears to reflect the macroeconomic characteristics of the sample period rather than a direct credit channel effect.
dc.identifier.urihttps://hdl.handle.net/10115/296477
dc.language.isoeng
dc.publisherUniversidad Rey Juan Carlos
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccess
dc.subjectMonetary policy
dc.subjectInterest rates
dc.subjectExports
dc.subjectSpain
dc.subjectECB
dc.subjectFixed effects
dc.subjectPanel data
dc.subjectInternational trade
dc.titleHOW DO RISING INTEREST RATES AFFECT EXPORTS?
dc.typeinfo:eu-repo/semantics/studentThesis

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