DSpace
 

Academic Research Repository at the Institute of Developing Economies,Japan(ARRIDE) >
03.東アジア研究(East Asian Studies) >
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies) >

Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/173

タイトル: Trade, Exchange Rates, and Macroeconomic Dynamics in East Asia: Why the Electronics Cycle Matters
著者: Kumakura, Masanaga
熊倉, 正修
キーワード: Electronics cycle
Export competition
Renminbi
Yen/dollar exchange rate
Electronics
International trade
Foreign exchange
East Asia
Southeast Asia
エレクトロニクス
貿易
外国為替
東アジア
東南アジア
Issue Date: Aug-2005
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 34. 2005.8
抄録: Against the background of increasing regional trade and investment, there is growing interest in monetary and macroeconomic policy coordination in East Asia. Although there is a sizable literature on macroeconomic linkages among East Asian countries and the potential merit of policy coordination in the region, the existing studies tend to examine these issues exclusively in terms of macroeconomic variables and do not consider how these aggregate variables are influenced by one prominent feature of a number of East Asian economies: their heavy dependence on the electronics industry. Although active engagement in the global electronics industry has been a powerful growth engine for the Asian countries, it has also left their economies vulnerable to cyclical fluctuations in the world electronics market. As the cycle of the global electronics industry exerts profound impacts on the medium-term dynamics of the Asian economies, it is imperative to take an explicit account of its influence when studying the way in which the regional economies are linked to one another and how this relationship can be altered by a specific policy initiative. We illustrate the importance of this point by examining recent studies on: (1) trade competition between China andother Asian countries and the role of the Chinese renminbi therein; and (2) the effect offluctuations in the yen/dollar exchange rate on the regional economies.
URI: http://hdl.handle.net/2344/173
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

Files in This Item:

File Description SizeFormat
ARRIDE_Discussion_No.34_kumakura.pdf624.86 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Privacy PolicyTerms of Use Copyright (C) JETRO. All rights reserved.