A "Mar-A-Lago Accord” for the Taiwan Dollar? The Economic and Geopolitical Consequences
In this English news article, Alicia García-Herrero discusses the recent appreciation of the New Taiwanese Dollar.
Previously stable and even boring, the currency's recent appreciation has drawn international attention out of fears it may hurt Taiwanese firms’ profitability, and potentially their very solvency. However, this sudden appreciation's impact on the real economy may more limited, as Taiwan has a large share of exports in high end semiconductors which have low price elasticity.
