3Miles, M. A. (1979) :" The effects of devaluation on the trade balance and the balance of payment: some new results. ";Journal of Political Economy,87, pp. 600 - 620.
4Marwah, K. and Klein, L. R. (1996) :" Estimation of J-curves: United States and Canada. "Canadian Joumal of Economics, Vol. 29, NO. 3, August, pp. 523 - 539.
5Mohsen Bahmani-Oskooee(2001 ) :"Nominal and real effective exchange rates of middle eastern countries and their tradeperformance. "Applied Economics,33,103 - 111.
6Baharumshah(2001 ) :"The effects of exchange rate on bilateral trade balance: new evidence from Malaysia and Thailand. "Asian Economic Joumal,Vol. 15 NO. 3.
7Haynes, Hutchison, Mikesell(1986) :" U. S. -Japanese Bilateral Trade and the Yen-Dollar Exchange Rate: An Empiricalanalysis. " Southern Economic Journal, Voh 52, NO. 4,923 - 932.
8Rose, A. K. and Yellen ,J. Li ( 1989 ) : "Is there a J-curve?" Journal of Monetary Economics ,24.53 - 68.
3[1]Black F,Scholes M.The pricing of options and cor-porate liabilities[J].Journal of Political Economy,1972,81:637-659.
4[2]Sehmitt-Grohe S,Uribe M.Solving dynamic general equilibrium models using a second-order approcima-tion to the policy function[J].Journal of Economic Dynflinics & Control,2004,28:755-775.
5[3]Merton R C Theory of option pricing[J].Bell Jour-nal of Economics and Management Science,1973,4:141-183.
6[4]Ersnt Eberlein.New insights into smile,mispricing,and value at risk:the hyperbolic model[J].Journal of Business,1998,71(3):57-58.
7[5]Bates D.Maximum likelihood estimation of latent af-fine process[R].Working Paper,2005.
8[6]Air-Sahalia.Disentangle diffusion from jumps[J].Journal of Financial Economics,2004,74(2):110-135.
9[7]Pan J.The jump-risk premia implicit in option:Evi-dence from an integrated time series study[J].Jour-nal of Financial Economies,2002,63:677-701.
10[13]Jermann Urban.Asset pricing in production econom-ics[J].Journal of Monetary Economies,1998(41):257-275.