Showing 1 - 10 of 12
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10009653202
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10009653222
This paper investigates how exchange rates affect Japanese exports. This is difficult because many of Japan’s exports are used to produce goods for re-export. An appreciation in the importing country that decreases exports can decrease its imported inputs from Japan. To correct for this...
Persistent link: https://www.econbiz.de/10009653164
This paper investigates how exchange rates affect Japanese exports. This is difficult because many of Japan’s exports are used to produce goods for re-export. An appreciation in the importing country that decreases exports can decrease its imported inputs from Japan. To correct for this...
Persistent link: https://www.econbiz.de/10009653209
This paper analyzes the role of processing trade in the People’s Republic of China (PRC)’s bilateral trade … balances and the impact of the yuan’s appreciation on processing trade. The analysis is based on panel data covering the PRCâ …€™s 51 trading partners from 1993–2008. The empirical analysis shows that : (1) processing trade accounts for 100% of the …
Persistent link: https://www.econbiz.de/10009653163
This paper analyzes the role of processing trade in the People’s Republic of China (PRC)’s bilateral trade … balances and the impact of the yuan’s appreciation on processing trade. The analysis is based on panel data covering the PRCâ …€™s 51 trading partners from 1993–2008. The empirical analysis shows that : (1) processing trade accounts for 100% of the …
Persistent link: https://www.econbiz.de/10009653208
suggest that a moderate appreciation of the yuan would have very little impact on the PRCs trade surplus. …
Persistent link: https://www.econbiz.de/10009363397
Among other things, the 199798 East Asian financial crisis has led to questioning within the Association of Southeast Asian Nations (ASEAN) about whether the region needs a common currency. This paper aims to discuss the underlying economic issues and prospects, from both a theoretical and a...
Persistent link: https://www.econbiz.de/10009363859
economic criteria. We address the issue using a rigorous theoretical framework that captures the crucial trade-off between the …
Persistent link: https://www.econbiz.de/10009363929
The Asian financial crisis increased economic disparities in the East Asian region, thus making monetary integration more difficult, but rekindled political interest in Asian monetary and exchange rate cooperation. This paper applies the theory of Generalized Purchasing Power Parity (G-PPP),...
Persistent link: https://www.econbiz.de/10009363934