Trade rules and exchange rate misalignments: in search for a WTO solution

Revista de Economia Política

Vera Thorstensen¹  Emerson Marçal¹  Lucas Ferraz¹ 

[1] ,EESP-FGV

关键词: exchange rate;    international trade;    tariffs;    IMF;    WTO;   

DOI  :  10.1590/S0101-31572014000300002

来源: SciELO

【 摘 要 】

The debate on the link between trade rules and rules on exchange rates is raising the attention of experts on international trade law and economics. The main purpose of this paper is to analyze the impacts of exchange rate misalignments on tariffs as applied by the WTO - World Trade Organization. It is divided into five sections: the first one explains the methodology used to determine exchange rate misalignments and also presents its results for Brazil, U.S. and China; the second summarizes the methodology applied to calculate the impacts of exchange rate misalignments on the level of tariff protection through an exercise of "misalignment tariffication"; the third examines the effects of exchange rate variations on tariffs and their consequences for the multilateral trading system; the fourth one creates a methodology to estimate exchange rates against a currency of the World and a proposal to deal with persistent and significant misalignments related to trade rules. The conclusions are present in the last section.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License