East Asian value chains, exchange rates, and regional exchange rate arrangements

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Exchange Rate Arrangements and the Hedging Problem in East Asia

This paper studies the hedging decisions faced by East Asian importers and exporters exposed to foreign exchange risk. The study includes a critical review on the historical development of the exchange rate arrangements in East Asia during the past decade. Assuming that financial markets are incomplete and some relevant financial exchange markets do not exist, a theoretical model for the East A...

متن کامل

10. China’s Emergence, Real Exchange Rates, and Implications for East Asian Regional Trade and Growth

1 10.1. INTRODUCTION Over the last decade, a new landscape of economic relations has begun to emerge in the Pacific Basin. In this region as much as anywhere else, the agenda of globalization has advanced, more countries are embracing outward economic orientation and open multilateralism as a means of accelerating domestic economic growth. Most prominent of the later entrants in the regional ar...

متن کامل

Trade Arrangements and Evolving East Asian and Asia Pacific

The paper begins by noting that proposals involving significant developments in the regional tradearchitecture are being developed within regional processes that in some cases are simultaneouslypursuing other dimensions of regional economic integration: monetary and financial cooperation inthe case of ASEAN + 3, and the establishment of a common market in the case of ASEAN. At leastthree of the...

متن کامل

China’s Exchange Rate Policy and Asian Trade

This paper shows empirically that China’s trade balance is sensitive to fluctuations in the real effective exchange rate of the renminbi. However, the current size of the trade surplus is such that exchange rate policy alone will probably not be able to address the imbalance. The potential reduction in the trade surplus resulting from an increase in the renminbi exchange rate is limited mainly ...

متن کامل

Are Southeast Asian Real Exchange Rates Mean

Since the late nineties, both theoretical and empirical analysis devoted to the real exchange rate suggest that their dynamics might be well approximated by nonlinear models. This paper examines this possibility for post-1970 monthly ASEAN-5 data, extending the existing research in two directions. First, we use recently developed unit root tests which allow for more flexible nonlinear stationar...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Asian Economics

سال: 2019

ISSN: 1049-0078

DOI: 10.1016/j.asieco.2019.101132