Kang, Jong Woo; Dagli, Suzette - In: Journal of applied economics 21 (2018) 1, pp. 84-105
This paper analyzes the link between international trade and exchange rate levels in the context of the global financial crisis (GFC) and the rise of global and regional value chains (GVCs). Using bilateral data for 72 economies over the 2001-2015 period, we find a positive relationship between...