Global Value Chains and External Adjustment : Do Exchange Rates Still Matter? /
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity of gr...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2019/300 |
| Accesso online: | Full text available on IMF |