Real Exchange Rates and ASEAN Trade
Author | : Meher Manzur |
Publisher | : |
Total Pages | : 40 |
Release | : 1993 |
Genre | : Foreign exchange rates |
ISBN | : |
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Author | : Meher Manzur |
Publisher | : |
Total Pages | : 40 |
Release | : 1993 |
Genre | : Foreign exchange rates |
ISBN | : |
Author | : Aleth Yenko |
Publisher | : Institute of Southeast Asian |
Total Pages | : 46 |
Release | : 1982 |
Genre | : Foreign exchange |
ISBN | : 9971902346 |
A theoretical framework, based on existing literature, which could serve as a guide for developing countries in choosing an appropriate exchange rate regime in the present system of generalized floating. The exchange rate regimes of the ASEAN countries are then evaluated in terms of the framework.
Author | : Pradumna B. Rana |
Publisher | : Institute of Southeast Asian Studies |
Total Pages | : 129 |
Release | : 1981 |
Genre | : ASEAN |
ISBN | : 9971902362 |
This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.
Author | : Khee Giap Tan |
Publisher | : World Scientific |
Total Pages | : 251 |
Release | : 2019-11-12 |
Genre | : Business & Economics |
ISBN | : 981120795X |
In the midst of turbulence in the international trade, this book titled Annual Competitiveness Analysis and Impact Estimation of Exchange Rates on Trade in Value-Added of ASEAN Economies provides a comprehensive overview on recent developments and policy initiatives in ASEAN, highlighting its strengths and weaknesses in facing the trade disruption from global events such as the US-China trade dispute, the rise of protectionist sentiments, and the expansion of China's Belt and Road Initiative.This sixth instalment features an update on ACI's annual competitiveness index for ASEAN-10 economies. Using a total of 121 indicators, the study analyses the competitiveness of the 10 ASEAN countries across four environments namely (i) Macroeconomic Stability, (ii) Government and Institutional Setting, (iii) Financial, Businesses and Manpower Conditions, and (iv) Quality of Life and Infrastructure Development.Also in this book is an in-depth coverage on trade, a key component of the ASEAN economy, and the integration of ASEAN into wider value chains. This phenomenon heavily features ongoing efforts to develop ASEAN and creates the need for a deeper understanding of the impact of these global value chains on trade in ASEAN. This book examines and provides empirical insights on the impact of real effective exchange rates on exports in ASEAN economies within the context of increased participation in global value chains. The findings have direct policy implications in the management of monetary policy.Additionally, this book provides an extensive discussion on the impact of the US-China Trade War on ASEAN, presenting the background analysis on the annals of the dispute as well as examining determining factors that may positively or negatively affect the trade and investment landscape in ASEAN. This latest edition also features a compilation of speeches and writings by academics and policymakers on key issues and development of ASEAN. It includes a speech by Minister Lawrence Wong, Minister for National Development and Second Minister for Finance on the importance of infrastructure development for economic competitiveness. On top of that, this book also features an essay by Mr Bilahari Kausikan, Chairman of the Middle East Institute at the National University of Singapore, and former Permanent Secretary at the Ministry of Foreign Affairs of Singapore, which addresses the impact of the US-China trade war on ASEAN.
Author | : Ms.Isabelle Mejean |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2011-03-01 |
Genre | : Business & Economics |
ISBN | : 1455218960 |
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.
Author | : Muzafar Shah Habibullah |
Publisher | : Ashgate Publishing |
Total Pages | : 200 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
This volume contains nine selected applied economic papers presented during the 1999 Faculty of Economics and Management Seminar in Melaka. The articles included focus the studies on trade and finance in Malaysia and other ASEAN member countries.
Author | : Masahiro Kawai |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 2000 |
Genre | : Foreign exchange rates |
ISBN | : |
A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
Author | : Muzafar Shah Habibullah |
Publisher | : Routledge |
Total Pages | : 182 |
Release | : 2017-11-01 |
Genre | : Social Science |
ISBN | : 1351724665 |
This title was first published in 2000. This volume contains nine selected applied economic papers presented during the 1999 Faculty of Economics and Management Seminar in Melaka. The articles included focus the studies on trade and finance in Malaysia and other ASEAN member countries.
Author | : William H. Branson |
Publisher | : |
Total Pages | : 66 |
Release | : 2005 |
Genre | : Foreign exchange rates |
ISBN | : |
"This paper develops the basis for monetary and exchange rate coordination in Asia as part of a package of monetary integration that could support growth and poverty reduction. This could be achieved directly through coordinated exchange rate stabilization, and indirectly through the implications of this for reserve pooling and investment in an Asian development fund (ADF) and through development of the Asian bond market (ABM). Macro policy coordination could be viewed as a necessary condition for further development of both reserve pooling via the Chiang Mai Initiative (CMI) and of the ABM. The paper analyzes the trade structure of ASEAN and China in terms of both geographic sources of imports and markets for exports, and of the commodity structure of trade. The similarities of the geographic and commodity trade structures across the region are consistent with adoption of a common currency basket for stabilization, and with an argument for monetary integration across the region along the lines of Mundell (1961) on optimum currency areas. The paper constructs currency baskets and real effective exchange rates (REERs) for the countries in the region. Since their trade patterns are quite similar and their policies are already implicitly coordinated, their REERs tend to move together. This means that ASEAN and China are already moving toward integration in practical effect. Explicit movement toward coordination could support surveillance and reserve-sharing under the CMI, and release reserves to be invested in an ADF"--NBER website
Author | : Ruhul Salim |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
This article investigates the role of real exchange rates on the ASEAN integration process by using a VAR model estimated for each ASEAN member with data for 1960 through 2010. Empirical results show that there is substantial heterogeneity among the ASEAN economies and demonstrate no significant impact of real exchange rate shocks on ASEAN trade. The study suggests that the ASEAN common currency would not provide a trade benefits additional to those from the ongoing integration process.