Economics at your fingertips  

Exchange Rate Policy and Global Supply Chains: The Case of the Chinese Renminbi and Global Soybean and Soybean Product Markets

Gary Williams and Ji Luo

Applied Economic Perspectives and Policy, 2017, vol. 39, issue 1, 177-198

Abstract: A policy debate on widespread currency manipulation has generated economic analyses to inform policymakers regarding both the extent and impact of the problem. Such analyses typically focus on commodity trade and price impacts while ignoring potentially important supply chain linkages. Using Chinese exchange rate policy and global soybean and soybean product markets as an example, this paper illustrates that substantial measurement errors are possible if supply chain linkages are ignored in exchange rate policy analyses. As a consequence, policy responses to foreign currency manipulation informed by such analyses may be misguided or imprecise at best.

Keywords: Supply chain; measurement error; renminbi; exchange rate; soybeans; China (search for similar items in EconPapers)
JEL-codes: F14 Q14 Q17 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Applied Economic Perspectives and Policy is currently edited by Timothy Park, Tomislav Vukina and Ian Sheldon

More articles in Applied Economic Perspectives and Policy from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().

Page updated 2022-05-04
Handle: RePEc:oup:apecpp:v:39:y:2017:i:1:p:177-198.