This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages between the ASEAN currencies and a regional currency unit. A long-memory (fractional integration) model allowing for endogenously determined...

This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages between the ASEAN currencies and a regional currency unit. A long-memory (fractional integration) model allowing for endogenously determined...

Recent research has examined trade statistics from a value-added perspective and it has traced global value chains (GVC) through countries' domestic production, exports and imports. Research by Koopman et al., Johnson and Noguera, Timmer, and OECD-WTO has made clear that our understanding of...

This paper provides an overview of the magnitude and composition of recent U.S. exports of advanced technology products (ATPs) to China, and shows how such exports are differentiated from U.S. ATP exports to the rest of the world (ROW). It demonstrates that U.S. ATP exports to China have...

This paper represents the first in a series on U.S. manufacturing offshoring. It describes why many U.S. firms have relocated production networks to China, the world's largest manufacturing economy. As the U.S. economy has become increasingly dependent on the provision of services and the...

This briefing is part of a continuing series on U.S. manufacturing offshoring and examines what is known about the size and composition of U.S. offshoring activity to China. An accompanying paper described incentives U.S. firms have had to offshore production to China, the world's largest...

This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages between the ASEAN currencies and a regional currency unit. A long-memory (fractional integration) model allowing for endogenously determined...