We use the Chinese experience between 1867 and 1910 to illustrate how the volatility of vehicle currencies affects trade. Today’s widespread vehicle currency is the dollar. However, the macroeconomic effects of this use of the dollar have rarely been addressed. This is partly due to...

This paper investigates both the effects of domestic monetary policy and external shocks on fundamental macroeconomic variables in six fast growing emerging economies: Brazil, Russia, India, China, South Africa and Turkey - denoted hereafter as BRICS_T. The authors adopt a structural VAR model...

Now-a-days role of foreign direct investment (FDI) is noteworthy. It acts as the lifeblood of growth. The flow of FDI to a country reflects its potential in the globe. Today, FDI is a buzzword in the Indian economic environment. After the liberalization of economy, Indian government has...

This paper examines the extent of pass-through of exchange rate and tariff changes into import prices using sectoral panel data (at the 2-digit SITC level) for the post-reform period in India (1990-2001). After having controlled for unobserved effects that might have an impact on the import...

Recent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade. Previous results derived from a large panel data set (covering more than 200 countries from 1948...

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...

This paper assembles detailed information on the market access provisions in trade in goods contained in 192 active regional trade agreements (RTAs) notified to the WTO as of November 2010. Although market access provisions in trade in goods in RTAs have been addressed in a number of studies,...

This paper describes the process of trade liberalization in the telecommunications industry implemented from the mid-1990s and examines how such a measure, which allowed foreign capital an important role in the control of operators, associated with the privatization program affected the...

This paper analyzes the institutional arrangements governing the international transfer of input-embodied new technologies in agriculture. While developed countries characteristically allow "multiple channel" private and public technological transfer, developing countries often force technology...

This paper analyses the development of roundwood trade in Europe in the context of changes in supply and trading patterns due to liberalisation in European transitional economies (CEEC), nature-oriented forest management as well as prospective EU enlargement. First, it is studied whether...