Flexible Exchange Rates and International Trade
Flexible Exchange Rates and International Trade

Author: Josef Hunkeler

Publisher: Peter Lang Group Ag, International Academic Publishers

Published: 1977

Total Pages: 152

ISBN-13:

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The purpose of this paper is to establish a framework for the analysis of trade responses to exchange rate changes as well as to provide some detailed quantitative answers as regards the structure of Swiss imports. This paper's contribution is to have established - once more - that prices do matter in international trade, and that trade reactions are quite swift - but also, that true expenditure switching remains very limited.

Changing Patterns of Global Trade
Changing Patterns of Global Trade

Author: Nagwa Riad

Publisher: International Monetary Fund

Published: 2012-01-15

Total Pages: 87

ISBN-13: 1463973101

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Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination
International Economic Interdependence, Patterns of Trade Balances and Economic Policy Coordination

Author: Mario Baldassarri

Publisher: Springer

Published: 2016-07-27

Total Pages: 437

ISBN-13: 1349222569

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The subject of this book is the kind of economic interaction and interdependence that has arisen among nations in the contemporary world economy, the nature and significance of the pattern of trade balances that have resulted from them, and the question of what, if anything, should be done by national governments about that pattern. The need for international coordination of economic policies is also investigated.

Exchange Rates, Prices, and World Trade
Exchange Rates, Prices, and World Trade

Author: Meher Manzur

Publisher: Psychology Press

Published: 1993-01-01

Total Pages: 206

ISBN-13: 9780415085892

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In recent years, exchange rates, prices, and world trade have taken on a new significance and are now among the most widely debated issues in economics. Exchange Rates, Prices and World Tradeoffers a simple yet sophisticated analytical approach to deal with the most controversial issues in exchange rate economies. Meher Manzur provides a systematic treatment of the interaction between national price levels and exchange rates, the formation of expectations regarding exchange rates, and the effects of real exchange rate changes on trade flows. Drawing from the most current information, he provides a new methodology for the listing of purchasing power parity and an original approach to the measurement of variation in the structure of relative prices and use of new measures in econometric work. He also presents a model to link the patterns of world trade to variations in relative prices and examines modern issues related to the characteristics of foreign exchange markets. Exchange Rates, Prices and World Tradeprovides strong analytical frameworks and empirical results which will be of great use to researchers, policy makers, and those studying finance.

Evolution and Performance of Exchange Rate Regimes
Evolution and Performance of Exchange Rate Regimes

Author: Mr.Kenneth Rogoff

Publisher: International Monetary Fund

Published: 2003-12-01

Total Pages: 85

ISBN-13: 1451875843

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Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.