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Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to Taiwan

In: The Impact of the Economic Crisis on East Asia

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  • Bih Jane Liu

Abstract

Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response since 2008, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of its impacts, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market.

Suggested Citation

  • Bih Jane Liu, 2011. "Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to Taiwan," Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14353_4
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    References listed on IDEAS

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    1. Sapir, Andre & Sekkat, Khalid, 1995. "Exchange rate regimes and trade prices Does the EMS matter?," Journal of International Economics, Elsevier, vol. 38(1-2), pages 75-94, February.
    2. Pål Boug & Andreas Fagereng, 2010. "Exchange rate volatility and export performance: a cointegrated VAR approach," Applied Economics, Taylor & Francis Journals, vol. 42(7), pages 851-864.
    3. Mehmet Nihat Solakoglu & Ebru Guven Solakoglu & Tunc Demirağ, 2008. "Exchange rate volatility and exports: a firm-level analysis," Applied Economics, Taylor & Francis Journals, vol. 40(7), pages 921-929.
    4. Daigee Shaw & Bih Jane Liu (ed.), 2011. "The Impact of the Economic Crisis on East Asia," Books, Edward Elgar Publishing, number 14353, August.
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