کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964565 930564 2008 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Global imbalances, triangular trading patterns, and the yen/dollar exchange rate
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Global imbalances, triangular trading patterns, and the yen/dollar exchange rate
چکیده انگلیسی

Trade imbalances between Japan and the U.S. could cause the yen to appreciate against the dollar. Evidence presented here indicates that this could increase the U.S. trade deficit with Japan. An appreciation of the yen against the dollar would also cause the yen to appreciate against the RMB and other currencies in East Asia with heavily managed exchange rate regimes. Results reported here indicate that this would reduce the flow of capital and intermediate goods from Japan to East Asia, forcing firms to economize on sophisticated technology-intensive inputs that are difficult to procure elsewhere. This problem would be mitigated if countries in developing Asia adopted more flexible exchange rate regimes. J. Japanese Int. Economies22 (4) (2008) 503–517.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of the Japanese and International Economies - Volume 22, Issue 4, December 2008, Pages 503–517
نویسندگان
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