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Full-Text Articles in International Economics
The Effect Of A Collective Exchange Rate Adjustment On East Asian Exports, Mizanur Rahman, Kaliappa P. Kalirajan
The Effect Of A Collective Exchange Rate Adjustment On East Asian Exports, Mizanur Rahman, Kaliappa P. Kalirajan
Mizanur Rahman
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.
The Impact Of Real Exchange Rate Flexibility On East Asian Exports, Mizanur Rahman
The Impact Of Real Exchange Rate Flexibility On East Asian Exports, Mizanur Rahman
Mizanur Rahman
This paper estimates the impact of intra-regional real exchange rate flexibility on East Asian exports. The hypothesis is that the impact would be negative for East Asian countries regardless of their exchange rate regimes. The results validate the hypothesis. The findings show that for Chinese exports the long-run effect is as much as that of a real appreciation of renminbi. By contrast, for Japanese exports the effect is three times larger than that of a real appreciation of the yen. The findings imply that a regional currency basket mechanism would lessen the adverse effect of exchange rate flexibility and engineer …