Publication type: Contribution to magazine or newspaper
Title: Higher integration into GVCs mitigates negative effects of a strong currency on exports
Authors: Fauceglia, Dario
Lassmann, Andrea
Shingal, Anirudh
Wermelinger, Martin
Published in: VOX: CEPR Policy Portal
Issue Date: 18-Feb-2015
Publisher / Ed. Institution: Centre for Economic Policy Research
Language: English
Subjects: GVC; Switzerland; Pass-through
Subject (DDC): 330: Economics
Abstract: The sharp appreciation of the Swiss franc has once more raised fears about negative export growth and resulting losses for Swiss exporters. However, this column suggests that the Swiss economy’s high level of integration into global value chains potentially mitigates these negative effects by rendering imported intermediate inputs cheaper, thus reducing pressures on profit margins through the imported inputs channel.
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Center for Economic Policy (FWP)
Appears in collections:Publikationen School of Management and Law

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