Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10015115908
Persistent link: https://www.econbiz.de/10003486984
This paper estimates long-run effects of a collective exchange rate adjustment on multilateral exports from China, Japan, South Korea, and Taiwan. The findings show that a 1 percent generalized appreciation of all East Asian exchange rates would reduce East Asian exports by about 3 percent
Persistent link: https://www.econbiz.de/10012706924
Vertical fragmentation of product value chain across borders is the driving force of growing economic interdependency in East Asia. A common currency, not flexible exchange rates between national currencies, would reduce flexibility in relative prices within East Asia. Its impact would be far...
Persistent link: https://www.econbiz.de/10014210095