LIST OF FIGURES

Figure 1-1. Total Exports by Country, Source: UNComtrade. ..................................... 2

Figure 1-2. Proportion of Agricultural to Total Exports by Country, Source: FAO. ... 3

Figure 3-1. Nominal Exchange Rates Volatility. ........................................................ 53

Figure 3-2. Real Exchange Rates Volatility. .............................................................. 54

Figure 3-3. Monthly FOB Nominal Agricultural Exports. ......................................... 55

Figure 3-4. Monthly FOB Real Total Exports. ........................................................... 56

Figure 3-5. Quarterly Nominal and Real World GDP. ............................................... 57

Figure 4-1. IRF: BRL/USD Volatility  Brazil, Real Series, Ag Exports. ............... 71

Figure 4-2. IRF: CNY/USD Volatility  China, Nominal Series, Ag Exports. ........ 72

Figure 4-3. IRF: INR/USD Volatility  India, Real Series, Total Exports. .............. 72

Figure 4-4. IRF: RUB/USD Volatility  Russia, Real Series, Ag Exports. .............. 73

Figure 4-5. IRF: ZAR/USD Volatility  South Africa, Real Series, Ag Exports. .... 74

Figure 4-6. IRF: TRY/USD Volatility  Turkey, Nominal Series, Ag Exports. ...... 74

Figure 4-7. IRF: JPY/USD Volatility  Brazil, Nominal Series, Ag Exports, CV. .. 82

Figure 4-8. IRF: EUR/USD Volatility  Brazil, Real Series, Ag Exports, STD. ..... 83

Figure 4-9. IRF: JPY/USD Volatility  China, Real Series, Ag Exports, CV. ......... 83

Figure 4-10. IRF: EUR/USD Volatility  China, Real Series, Ag Exports, STD. ... 84

Figure 4-11. IRF: JPY/USD Volatility  Honduras, Real Series, Ag Exports, CV. . 84

Figure 4-12. IRF: JPY/USD Volatility  India, Nominal Series, Total Exports, CV.
..................................................................................................................................... 85

Figure 4-13. IRF: JPY/USD Volatility  Russia, Nominal Series, Ag Exports, CV. 85

Figure 4-14. Normality Diagnostics. .......................................................................... 86

Figure 4-15. Prediction Error Diagnostics, ACF, PACF, IACF and White Noise. .... 87

Figure 4-16. Brazilian Real (BRL/USD) Estimated Volatilities. ............................. 112

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