International production sharing and exchange rates of Asian countries
By: prepared by Witada Anukoonwattaka
Contributors: United Nations. Economic and Social Commission for Asia and the Pacific. Trade and Investment Division
Series: Studies in trade and investment -- 80; ESCAP studies in trade and investment -- 80.
Publisher: United Nations ESCAP, Economic and Social Commission for Asia and the Pacific; United Nations Publications; United Nations
Published: 2016
Place of publication: Bangkok, Thailand]
Language: eng
Number of pages: 124
ISBN-13: 9789211207231
Copyright date: 2013
Subjects: Exchange rate pass-through; Offshore assembly industry
Description: The expansion of international production networks (IPNs), alternatively referred to as “global value chains” raises important new analytical and policy challenges. This study demonstrates how the growing importance of international product fragmentation and intermediate goods in international trade has altered the links between exchange rates and international trade flows. This publication is not intended to provide comprehensive coverage of the topic. The focus is not on the macroeconomic determinants of nominal or real exchange rates. Instead, it is presents possible ways in which IPNs has changed the effects of exchange rates on international trade flows based on the views of “trade economists” where trade is responding to relative prices, measured as the "real" exchange rate.
Notes: This publication was most likely not published until 2016.

Includes bibliographical references (pages 63-69).

Also available on the World Wide Web.