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Enormous trade surpluses are problematic for the People's Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate changes would affect the PRC's imports for processing and processed exports. The results indicate that...
Persistent link: https://www.econbiz.de/10003983431
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 argues that this strategy is causing macroeconomic...
Persistent link: https://www.econbiz.de/10009267746
Chinas trade surplus is entirely in processing trade. Processed exports are final goods produced using parts and components coming from East Asian supply chain countries. Many claim that because much of the value added of Chinas processed exports comes from East Asian countries, exchange rates...
Persistent link: https://www.econbiz.de/10009424753
Persistent link: https://www.econbiz.de/10010205892
Persistent link: https://www.econbiz.de/10012128929
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 argues that this strategy is causing macroeconomic...
Persistent link: https://www.econbiz.de/10010279816
Enormous trade surpluses are problematic for the People's Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate changes would affect the PRC's imports for processing and processed exports. The results indicate that...
Persistent link: https://www.econbiz.de/10010286138
Persistent link: https://www.econbiz.de/10003944491
Persistent link: https://www.econbiz.de/10009565715
Persistent link: https://www.econbiz.de/10009680884