Showing 1 - 10 of 301
This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within regional production networks depend on exchange rates throughout the region while labor-intensive exports depend on exchange rates in the exporting country. These results make...
Persistent link: https://www.econbiz.de/10008907805
Many argue that the yuan needs to appreciate to rebalance the People's Republic of China's trade. However, empirical evidence on the effects of a CNY appreciation on the People's Republic of China's exports has been mixed for the largest category of exports, processed exports. Since much of the...
Persistent link: https://www.econbiz.de/10003983107
Regional monetary and financial cooperation in Asia has been discussed for years. To move towards a coordinated … surveillance indicators for monetary cooperation in Asia. …
Persistent link: https://www.econbiz.de/10008933435
In this paper, we use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US trade deficit. The iPhone contributed US$1.9 billion to the US trade deficit with the People's Republic of...
Persistent link: https://www.econbiz.de/10008907305
increase capital and consumption goods imports; and (v) exchange rate volatility deters parts and components trade in Asia … the US global trade deficit. In the case of Asia's exports, results presented here and elsewhere indicate that: (i … countries compete extensively with each other in exports to third markets; (iv) a currency appreciation in developing Asia would …
Persistent link: https://www.econbiz.de/10008732314
Free trade agreements (FTAs) have proliferated in East Asia in recent years. As of December 2008, eight bilateral FTAs … pressing issue for Japanese firms because Japanese firms have expanded overseas, particularly into the rest of Asia, which has … contributed to the formation of production networks in East Asia. There have been numerous ex ante studies on the impacts of FTAs …
Persistent link: https://www.econbiz.de/10003901391
In this paper, we analyzed key aspects of the changing economic relationship between the European Union (EU) and Asia … estimated the potential negative effects of Asian/Asia-Pacific regional accords on the EU, and likewise found small effects …. Nevertheless, using a highly-disaggregated (partial-equilibrium) approach, we argued that high-quality FTAs in Asia could be quite …
Persistent link: https://www.econbiz.de/10008907310
The People's Republic of China (PRC) has become an important importer for many countries. This paper investigates how turbulence in the PRC can spill over to trading partners through the trade channel. Exports from several East Asian and Southeast Asian countries to the PRC exceed 10% of their...
Persistent link: https://www.econbiz.de/10011585951
Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of … the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper …
Persistent link: https://www.econbiz.de/10009267746
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/10008937609