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This paper evaluates the extent of exchange rate coordination among Asian economies using a hypothetical Asian Currency Unit. Rising interdependence among Asian economies makes it vital for these economies to have a certain degree of exchange rate stability. However, the empirical evidence using...
Persistent link: https://www.econbiz.de/10013107511
This paper assesses the covariation between GVCs and MNCs with US dollar share in trade invoicing for Asia and Pacific … explain the region’s high share of exports and imports invoiced in the US dollar. The results show that Asia and Pacific … invoiced in US dollar. In addition, Asia and Pacific economies with more MNCs usually have a significantly higher share of …
Persistent link: https://www.econbiz.de/10014076601
dollar share in trade invoicing for Asia and Pacific economies.Using the Boz et al. (2020) dataset, the empirical analysis … dollar. The results show that Asia and Pacific economies with greater GVC participation tend to have higher share of their … significantly lower share of exports and imports invoiced in US dollar. In addition, Asia and Pacific economies with more MNCs …
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Sehr viele Unternehmen stehen heute im globalen Wettbewerb. Sie treffen ihre Entscheidungen im internationalen Kontext und sind damit von den Entwicklungen auf den Weltmärkten und den dahinter stehenden wirtschafts- und währungspolitischen Eingriffen unmittelbar betroffen.Ein wesentliches Ziel...
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