Implications of a US Dollar Depreciation for Asian Developing Countries
Fan, Emma Xiaoqin | November 2002
Abstract
The US dollar has appreciated considerably since the mid 1990s. Between May 1995 and January 2002, the dollar's nominal effective exchange rate appreciated by 44.5 percent, and the real effective exchange rate appreciated 34.0 percent. However, the dollar depreciated between 1 March and 19 July 2002 by 17.4 percent against the euro, and 13.2 percent against the yen. In the same period, the dollar's nominal effective exchange rate depreciated by 3.9 percent, while its real effective exchange rate depreciated 4.0 percent. This has prompted speculation that the dollar may have started a major realignment, though a moderate appreciation since July has somewhat muted this speculation.
Citation
Fan, Emma Xiaoqin. 2002. Implications of a US Dollar Depreciation for Asian Developing Countries. © Asian Development Bank. http://hdl.handle.net/11540/1478. License: CC BY 3.0 IGO.ISSN
1655-5260
Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
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Citable URI
http://hdl.handle.net/11540/1478Metadata
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