if China's relative presence continues to rise in the regional trade. …This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to …

This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …

€™s exports. Although rising trading links with China have allowed African countries to diversify their export base across … countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China …

the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the … strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy …

. This paper provides estimates of trade and welfare effects of East Asian currency unions, using a micro-founded gravity … that an East Asian currency union will double bilateral trade in the region, but the resulting welfare effects will be … moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase …

role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two …

International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been … center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in …