The absence of currency-related trade policies in the World Trade Organization (WTO) and its future inclusion

Dwintha Maya Kartika

MPRA Paper from University Library of Munich, Germany

Abstract: It is unanimously agreed that currency policies of the countries, particularly their exchange-rate values, have a significant impact on trade as it alters exports and imports between one country and its trading partners. In spite of this, the rules of currency seem to be absent in World Trade Organization (WTO) framework. The main purpose of this paper is to analyse the reasoning why such important rules are missing out in the multilateral trade sphere. It is divided into few sections; the first one examines currency manipulation and the significance of it for international trade, the second one analyses the existence of institutional gap between WTO and International Monetary Fund (IMF) in addressing the problem of currency manipulation, the third explains the reinforcement of status quo at multilateral sphere based on neorealism framework, and the last one will provide some insight on the possibility of inclusion of currency chapter at free-trade agreement level.

Keywords: WTO; IMF; International trade; Currency; TPP; free trade agreements; trade; currency manipulation; multilateralism; China (search for similar items in EconPapers)
JEL-codes: F1 F13 F15 F31 F33 F42 F5 F53 F55 (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-int and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:72114

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