http://www.inquiriesjournal.com/keyword/exchange-rates Inquiries Journal provides undergraduate and graduate students around the world a platform for the wide dissemination of academic work over a range of core disciplines. en-us Sun, 05 Apr 2026 13:29:21 -0400 Sun, 05 Apr 2026 13:29:21 -0400 http://www.inquiriesjournal.com/articles/1398/value-added-real-effective-exchange-rates-testing-for-countries-with-high-and-low-vertical-specialization-in-trade By Peter A. Kallis - I test a modified value-added real effective exchange rate based on the construction by Bems and Johnson (2012) for suitability as a replacement for conventionallyconstructed real effective exchange rates for countries with high vertical specialization. To do so, I construct an error-correction model using the exports of two countries with different levels of vertical specialization: Belgium and Germany. I find an insignificant relationship in the short run, but observe that in the long run, the value-added real effective exchange rate may perform better as an indicator of export competitiveness... Wed, 15 Apr 2015 12:00 EDT http://www.inquiriesjournal.com/articles/1398/value-added-real-effective-exchange-rates-testing-for-countries-with-high-and-low-vertical-specialization-in-trade