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Multilateralizing Asian Regionalism
Baldwin, Richard E. - 2013
Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl” — overlapping, multiple trade rules, regulations, and standards in Asia — in the process of regional and global trade...
Persistent link: https://www.econbiz.de/10013077731
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How the iPhone Widens the United States Trade Deficit with the People's Republic of China
Xing, Yuqing - 2011
In this paper, the authors use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US trade deficit. The iPhone contributed US$1.8 billion to the US trade deficit with the People's...
Persistent link: https://www.econbiz.de/10013132043
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The United States and the PRC : Macroeconomic Imbalances and Economic Diplomacy
Levy, Philip I. - 2011
The People's Republic of China (PRC)'s current account surplus, its growing foreign exchange reserves, and its shifting policies on exchange rate adjustment have become a central preoccupation of United States (US) trade policy. The paper considers the evolving political economy of the US policy...
Persistent link: https://www.econbiz.de/10013117881
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2017
Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are … children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth …
Persistent link: https://www.econbiz.de/10011688678
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Emerging economies' supply shocks and Japan's price deflation: International transmissions in a three-country DSGE model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014
rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical … trade specialization vis-à-vis the PRC and the PRC's USdollar- pegged regime. This outcome suggests that, even though Japan …
Persistent link: https://www.econbiz.de/10010397229
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The yuan's exchange rates and pass-through effects on the prices of Japanese and US imports
Xing, Yuqing - 2010
-through effects in the case of Japan were mainly attributed to the PRC's policy to peg the yuan to the United States (US) dollar, and … that the dollar is used as a dominant invoicing currency for the PRC's exports to Japan. After controlling the currency …
Persistent link: https://www.econbiz.de/10010286187
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The Yuan’s Exchange Rates and Pass-Through Effects on the Prices of Japanese and US Imports
Xing, Yuqing - 2010
case of Japan were mainly attributed to the PRC's policy to peg the yuan to the United States (US) dollar, and that the … dollar is used as a dominant invoicing currency for the PRC's exports to Japan. After controlling the currency invoicing …
Persistent link: https://www.econbiz.de/10013143105
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Multilateralizing Asian regionalism
Baldwin, Richard; Kawai, Masahiro - 2013
Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian "noodle bowl" - overlapping, multiple trade rules, regulations, and standards in Asia - in the process of regional and global trade integration. The...
Persistent link: https://www.econbiz.de/10010397245
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Establishing monetary union in the Gulf Cooperation Council: What lessons for regional cooperation?
Takagi, Shinji - 2012
The paper reviews the experience of regional economic cooperation in the Gulf Cooperation Council (GCC). Conceived as a regional security alliance, the GCC has evolved to become a common market in the making. All six GCC countries participate in the common market project, and additional...
Persistent link: https://www.econbiz.de/10010397253
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Enhancing the effectiveness of CMIM and AMRO: Selected immediate challenges and tasks
Siregar, Reza; Chabchitrchaidol, Akkharaphol - 2013
The Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO), established in March 2010 and May 2011, respectively, have made substantial headway. But despite the rapid progress, a series of fundamental questions have been raised, particularly about...
Persistent link: https://www.econbiz.de/10010397255