of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure …

The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …

, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the …

a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the …

contributions to global trade growth have come from East Asian countries in the developing world and the Euro area in the developed … world. Merchandise trade, which in recent years has been less resilient than services trade, picked up, growing by 4 …