A Survey of Exchange Rate Pass-Through in Asia

16 Pages Posted: 1 Oct 2007

See all articles by Amit Ghosh

Amit Ghosh

Colorado College Department of Economics and Business

Ramkishen S. Rajan

LKYSPP-NUS

Abstract

Exchange rate pass-through (ERPT) refers to the transmission of exchange-rate changes into import (export) prices of goods in the destination-market currency as well as into aggregate domestic prices. This paper examines the analytical and empirical literature on ERPT with particular reference to Asia. It is generally believed that Asian economies are potentially susceptible to ERPT into domestic inflation since they are highly trade-dependent. Particular attention is paid to production sharing - a key characteristic of Asian trade - and its implications for ERPT.

Suggested Citation

Ghosh, Amit and Rajan, Ramkishen S., A Survey of Exchange Rate Pass-Through in Asia. Asian-Pacific Economic Literature, Vol. 21, No. 2, pp. 13-28, November 2007, Available at SSRN: https://ssrn.com/abstract=1017940 or http://dx.doi.org/10.1111/j.1467-8411.2007.00200.x

Amit Ghosh (Contact Author)

Colorado College Department of Economics and Business ( email )

14 East Cache La Poudre Street
Colorado Springs, CO 80903

Ramkishen S. Rajan

LKYSPP-NUS ( email )

Singapore
Singapore

HOME PAGE: http://https://rrajan01.wixsite.com/ramkishenrajan

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