|Publication type:||Contribution to magazine or newspaper|
|Title:||Higher integration into GVCs mitigates negative effects of a strong currency on exports|
|Published in:||VOX: CEPR Policy Portal|
|Publisher / Ed. Institution:||Centre for Economic Policy Research|
|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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