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Mizanur Rahman and Kaliappa Kalirajan
''The effect of a collective exchange rate adjustment on East Asian exports''
( 2009, Vol. 29 No.4 )
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 per cent.
Keywords: Global imbalance, exchange rate, collective adjustment, production networks, East Asia
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
F1 - Trade: General
Manuscript Received : Jun 17 2009 Manuscript Accepted : Nov 10 2009

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