This study examines exchange rate pass-through in a 'small country' context. The study uses a panel of disaggregated exports from Hong Kong to its major flexible exchange rate destinations since 1992. Most existing evidence on pass-through is taken from G7 countries and finds that export prices...

This paper presents estimates of exchange rate pass-through derived from a panel of very disaggregated import unit-values to Hong Kong. The estimation approach builds on that utilized by Knetter (1989, 1993) to study export pricing and pricing to market. The three-dimensional data set examined...

This study measures the proportion of real exchange rate movements that can be accounted for by movements in the relative price of non-traded goods among 21 bilateral Asian-Pacific real exchange rates. Following Engel (1999), the decomposition is done at all possible horizons that the data allow...