| Global Economic Effects of the Asian Currency Devaluations Updated Edition Contributor(s): Liu, Li-Gang (Author), Noland, Marcus (Author), Robinson, Sherman (Author) |
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ISBN: 0881322601 ISBN-13: 9780881322606 Publisher: Peterson Institute for International Economic OUR PRICE: $15.79 Product Type: Paperback Published: July 1998 |
| Additional Information |
| BISAC Categories: - Business & Economics | Inflation - Business & Economics | International - Economics - Business & Economics | Money & Monetary Policy |
| Dewey: 332.414 |
| LCCN: 98-6033 |
| Series: Policy Analyses in International Economics |
| Physical Information: 0.3" H x 6.05" W x 9.01" (0.40 lbs) 128 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The Asian financial crisis has precipitated significant changes in real exchange rates in the region that will substantially alter the volume and pattern of international trade. The crisis countries will increase their exports and, especially, reduce their imports. Japan, China, and the other non-crisis countries will experience more complex changes. The trade balances of the United States and Western Europe will deteriorate by about $40-50 billion as a result of the currency movements in Asia. This study, newly updated in August 1999, quantifies the impact of the currency changes on the individual countries in Asia, on the United States, on Europe and on other regions on a sector-by-sector basis. It analyzes the additional impact that might occur if China, thus far a relative bystander in the crisis, were to devalue its currency as well. It then examines potential trade policy responses to these developments including the risk of an upsurge in protectionist pressure in the United States. |