The Effect of a Collective Exchange Rate Adjustment on East Asian Exports
Mizanur Rahman and Kaliappa Kalirajan, (2009) ''The effect of a collective exchange rate adjustment on East Asian exports'', Economics Bulletin, Vol. 29 No. 4 pp. 2853-2859
7 Pages Posted: 5 Mar 2009 Last revised: 28 Apr 2016
Date Written: November 10, 2009
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.
Keywords: Global imbalance, exchange rate appreciation, collective adjustment, production networks, East Asia
JEL Classification: F12, F14, F32, F36, F42
Suggested Citation: Suggested Citation