Higgins, Matthew J.; Klitgaard Hertel, Thomas - Federal Reserve Bank <New York, NY> - 2000
[...]A key observation is that import and export prices roughlytracked each other, with both tracking the behavior of … worldtradable goods prices. Indeed, trade prices were fallingthroughout Asia by similar magnitudes, regardless of howmuch each … country’s currency depreciated. For both Thailandand Korea, import and export prices largely followed worldexport prices. For …