Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

exchange rate - but the relationships are not always precisely or robustly estimated. Chinese exports are generally well … the fact a substantial share of imports are subsequently incorporated into Chinese exports. We find that some of these …

predicted by estimates based upon a cross-country sample, when using the 2006 vintage of the World Development Indicators. The … rise in response to a RMB depreciation; however, Chinese exports appear to respond to RMB depreciation in the expected … manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …

This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 … period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there …

determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …

), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries …

reduction. For China, financial development might help shrink its current account surplus, but only when it is coupled with …