01873cas a2200277 a 4500 AALejournalIMF018186 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337134 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Measuring Competitiveness in a World of Global Value Chains / Tamim Bayoumi, Maximiliano Appendino, Jelle Barkema, Diego Cerdeiro. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the relative substitutability of goods in final demand and in production. Unfortunately, the effect of these shifts in weights are difficult to identify empirically because the two currencies most affected-the dollar and the renminbi-have moved closely together. As the renminbi becomes more flexible, however, it will be important to determine which assumptions are the most realistic. Mode of access: Internet Appendino, Maximiliano. Barkema, Jelle. Cerdeiro, Diego. IMF Working Papers; Working Paper ; No. 2018/229 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/229/001.2018.issue-229-en.xml IMF e-Library