This paper examines the empirical relation between nominal exchange rates and macroeconomic fundamentals for five major OECD countries between 1974 and 1987. Five theoretical models of exchange rate determination are considered. Potential non-linearities are examined using a variety of...

A country's suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other...

This paper looks for dynamic patterns in international trade flows using comprehensive multilateral data for six countries, disaggregated to the four-digit SITC level. The purpose of the paper is to compare predictions of persistent trade balances generated by theories of international trade,...