Based on the recommendations of the High Level Steering Committee set up for the purpose, we have initiated the transition from a CAMELS transaction based approach to a Risk based approach in supervision of banks.
The evidence suggests that the pass-through is much more complete for U.S. exports than for imports, but there is no evidence that these pass-throughs have changed over time. An appreciation of the dollar will be gradually partially passed through over time to the price of imports, lowering their price relative to U.S. produced goods.