Spillover Effects of Exchange Rates is popular PDF and ePub book, written by Aaditya Mattoo in 2012-03-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Spillover Effects of Exchange Rates can be Read Online from any device for your convenience.
Spillover Effects of Exchange Rates Book PDF Summary
This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the "spillover effect". We use recent theory to develop an identification strategy in which competition between China and its developing country competitors in specific products and destinations plays a key role. We exploit the variation - afforded by disaggregated trade data - across exporters, importers, product, and time to estimate this spillover effect. We find robust evidence of a statistically and quantitatively significant spillover effect. Our estimates suggest that a 10 percent appreciation of China's real exchange rate boosts on average a developing country's exports of a typical 4-digit HS product category to third markets by about 1.5-2 percent. The magnitude of the spillover effect varies systematically with product characteristics as implied by theory.
Detail Book of Spillover Effects of Exchange Rates PDF
- Author : Aaditya Mattoo
- Release : 01 March 2012
- Publisher : International Monetary Fund
- ISBN : 9781475502626
- Genre : Business & Economics
- Total Page : 39 pages
- Language : English
- PDF File Size : 15,9 Mb
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