Format:
1 Online-Ressource (circa 28 Seiten)
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ISBN:
9781484337134
Series Statement:
IMF working paper WP/18, 229
Content:
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the relative substitutability of goods in final demand and in production. Unfortunately, the effect of these shifts in weights are difficult to identify empirically because the two currencies most affected-the dollar and the renminbi-have moved closely together. As the renminbi becomes more flexible, however, it will be important to determine which assumptions are the most realistic
Additional Edition:
Erscheint auch als Druck-Ausgabe Bayoumi, Tamim Measuring Competitiveness in a World of Global Value Chains Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484337134
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484337134.001
URL:
Volltext
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URL:
Volltext
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