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Intra-Asia Exchange Rate Volatility and Intra-Asia Trade: Evidence by Type of Goods

dc.contributor.authorHsiao Chink Tang
dc.date.accessioned2015-01-30T14:45:29Z
dc.date.available2015-01-30T14:45:29Z
dc.date.issued2011-12-01
dc.identifier.urihttp://hdl.handle.net/11540/1987
dc.description.abstractThis paper examines the impact of intra-Asia exchange rate volatility on intra-Asia trade in primary goods, intermediate goods, equipment goods, and consumption goods from 1980 to 2009. For Asia, the evidence shows that as intraregional exchange rate volatility increases, intraregional exports in these goods fall. This adverse impact is even more pronounced in the sub-region of Association of Southeast Asian Nations (ASEAN)+5 comprising ASEAN member countries plus the People’s Republic of China; Hong Kong, China; Japan; the Republic of Korea; and Taipei,China; and especially among intermediate and equipment exports. Again, the impact magnifies in an even smaller sub-group excluding the smaller ASEAN economies. These results underline the significant impact of exchange rate volatility on the region’s production networks. For South Asia, however, exchange rate volatility appears to have a positive impact on exports. Still, caution is warranted given that South Asian economies trade relatively little with each other.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleIntra-Asia Exchange Rate Volatility and Intra-Asia Trade: Evidence by Type of Goods
dc.typeWorking Papers
dc.subject.expertTrade Finance
dc.subject.expertRural Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Financial Management
dc.subject.expertPublic Finance
dc.subject.expertInternational Finance
dc.subject.expertIntergovernmental Finance
dc.subject.expertFinancial System
dc.subject.expertFinancial Flows
dc.subject.expertFinancial Assets
dc.subject.expertFinance And Trade
dc.subject.expertTrade Finance
dc.subject.adbLocal Finance
dc.subject.adbInternational Monetary Relations
dc.subject.adbLocal Finance
dc.subject.adbBanks
dc.subject.adbCapital Market
dc.subject.adbfinancial statistics
dc.subject.adbForeign trade
dc.subject.naturalMunicipal government
dc.subject.naturalMetropolitan government
dc.subject.naturalInternational banks and banking
dc.subject.naturalCapital movements
dc.subject.naturalCentral banks and banking
dc.subject.naturalBills of exchange
dc.subject.naturalSwaps
dc.subject.naturalBanks and banking
dc.subject.naturalStock exchanges
dc.subject.naturalMarket
dc.subject.naturalExchange
dc.subject.naturalBalance of trade
dc.title.seriesRegional Economic Integration Working Papers
dc.title.volumeno 90
dc.contributor.imprintAsian Development Bank
oar.themeFinance
oar.themeTrade
oar.adminregionEast Asia Region
oar.countryChina, People's Republic of
oar.countryHong Kong, China
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001419
oar.authorTang, Hsiao Chink
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Regional Economic Integration Working Paper Series
    The Asian Development Bank Working Paper Series on Regional Economic Integration focuses on topics relating to regional cooperation and integration in the areas of infrastructure and software, trade and investment, money and finance, and regional public goods. The series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments.

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