Current Account Rebalancing And Real Exchange Rate Adjustment Between The Us And Emerging Asia
Download Current Account Rebalancing And Real Exchange Rate Adjustment Between The Us And Emerging Asia full books in PDF, epub, and Kindle. Read online free Current Account Rebalancing And Real Exchange Rate Adjustment Between The Us And Emerging Asia ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia
Author | : Ms.Isabelle Mejean |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2011-03-01 |
Genre | : Business & Economics |
ISBN | : 1455218960 |
Download Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia Book in PDF, Epub and Kindle
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in the terms of trade and real exchange rates in a three-country open economy model of the U.S., China, and other emerging Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the case where export prices remain constant in one country and increase in the other. Our results are robust to different assumptions about elasticities of substitution and to introducing a high degree of vertical fragmentation in production in the model.
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia Related Books
Pages: 31
Pages: 518
Pages: 48
Pages: 64
Pages: 59