01730cas a2200241 a 4500 AALejournalIMF020258 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498341400 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Trade Interconnectedness : The World with Global Value Chains. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (40 pages) Policy 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 The aim of this paper is to address the implications of Global Value Chains (GVCs) for the Fund's surveillance work. The paper first draws on the World Input-Output Database (WIOD) to document the dynamics of trade linkages between countries and regions through GVCs and its impact on the real economy. The paper then examines the implications of GVCs for the real effective exchange rate (REER), a key tool used at the Fund for bilateral as well as multilateral surveillance work, and shows the potential benefit of revisiting the REER formula in light of the increasing relevance of GVCs. The paper ends with implications of GVCs for trade and trade-related policies and the multilateral trading system. Mode of access: Internet Policy Papers; Policy Paper ; No. 2013/072 Full text available on IMF http://elibrary.imf.org/view/journals/007/2013/072/007.2013.issue-072-en.xml IMF e-Library