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- W28237968 abstract "trade deficits in the USA and trade surpluses in Japan. Attempts were made to depreciate the dollar with coordinated interventions in foreign exchange markets in order to improve the trade imbalances. As a result, the dollar has depreciated and the yen has appreciated. However, any effects of the exchange rate changes on the trade imbalances has not yet appeared until recently. Recently, many economists2 have studied why the exchange rate changes cannot improve the trade imbalances. Some focus on a supply side of US economy: US domestic markets have structurally changed because foreign firms entered the markets with sunk costs during the period of overvalued dollar.3 A notable trend is the simplification by the US of the 'complicated' distribution systems in Japan to request Japan to open its markets and to improve the trade imbalances.4 This paper considers effects of exchange rate changes on domestic prices of imported commodities from the perspective of the distribution systems, especially importers' behavior. We can find that some imported manufactured commodities are imported both by a sole import agent and by the other importers. The former is called a regular import type and the latter is called a parallel import type. We focus on imported whisky which have both these type of import channels. In addition, it is the only imported manufactured commodity whose monthly data on both price indexes are available both at an import shipment stage and at a retail stage." @default.
- W28237968 created "2016-06-24" @default.
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- W28237968 date "1989-12-01" @default.
- W28237968 modified "2023-09-28" @default.
- W28237968 title "IMPORTERS AND PASS-THROUGH EFFECTS OF EXCHANGE RATES*" @default.
- W28237968 doi "https://doi.org/10.15057/5982" @default.
- W28237968 hasPublicationYear "1989" @default.
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