Showing 1 - 10 of 959
Along with the steady pace of RMB internationalization, this paper proposes Taiwan as a potential candidate to become the next RMB offshore center. We review the main drivers behind Hong Kong's success and set the reasons why Taiwan could follow such steps. First, Taiwan's economic ties with...
Persistent link: https://www.econbiz.de/10013083189
This paper constructs and uses the global input-output (GIO) table with 35 industries, 29 endogenous countries and 59 exogenous countries, and develops new indices to measure the degree of shock transmission in terms of intermediate goods and value-added embodied in production induced by...
Persistent link: https://www.econbiz.de/10012803934
This paper examines if exchange rate flexibility adversely affects trade integration of East Asian countries in general. The study focuses on China, Japan, South Korea and Taiwan. These countries pursue fixed, floating and intermediate regimes respectively. The hypothesis is that since the...
Persistent link: https://www.econbiz.de/10012721242
We investigate how the exchange rate regime influences economic linkages across countries. We divide the exchange rate regime into three classifications: currency union, peg and floating exchange rates. Unlike most studies solely focusing on the relationship between anchor and client countries,...
Persistent link: https://www.econbiz.de/10014069483
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10010283544
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10003781455
The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...
Persistent link: https://www.econbiz.de/10012725210
average more concentrated than those among countries which do not share the euro. Central to this outcome is that some … economic integration agreements, such as the euro, may lead to a drop in not only trade but horizontal FDI costs as well …
Persistent link: https://www.econbiz.de/10013016763
This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous … show a statistically insignificant euro's effect on bilateral exports. However, disaggregating this effect, we report a … relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus …
Persistent link: https://www.econbiz.de/10011772025
In November 2002, the Association of Southeast Asian Nations (ASEAN) committed itself to the creation of an ASEAN Economic Community (AEC), in which goods, services, capital, and skilled labor would flow freely by the year 2020, or possibly even 2015. Hence, the AEC will guide the ASEAN...
Persistent link: https://www.econbiz.de/10011281496