@techreport{Thorbecke2011effect,
abstract = {This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within regional production networks depend on exchange rates throughout the region while labor-intensive exports depend on exchange rates in the exporting country. These results make sense since the majority of the value-added of processed exports come from imported parts and components while most of the value-added of labor-intensive exports comes from the domestic economy. Recent findings also indicate that imbalances between the People's Republic of China (PRC) and the United States are a major outlier and that an appreciation of the PRC yuan (CNY) is necessary to reduce these imbalances.},
address = {Tokyo},
author = {Willem Thorbecke},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F32; F41; 330; Wechselkurs; Volatilit\"{a}t; Zahlungsbilanzungleichgewicht; Au\ss{}enhandelseffekt; Asien},
language = {eng},
number = {263},
publisher = {Asian Development Bank Institute},
title = {The effect of exchange rate changes on trade in East Asia},
type = {ADBI working paper series},
url = {http://hdl.handle.net/10419/53652},
year = {2011}
}
