The Effect of a Collective Exchange Rate Adjustment on East Asian Exports
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Kalirajan, K P
Rahman, Mizanur
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Economics Bulletin
Abstract
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.
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Economics Bulletin
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2037-12-31
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